Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (October 2022)
Electric vehicle sales in October increased 51.5% y/y to 904k units
2022/11/24
- Share of electric vehicles (BEV/PHV/FCV)
- Electric vehicle (BEV/PHV/FCV) share and trends in each country
- Electric vehicles (BEV/PHV/FCV) sales trends of major manufacturers and sales composition by powertrain
- Automobile sales trends in 11 major countries (Including all Powertrain types)
Share of electric vehicles (BEV/PHV/FCV)
This report presents new car sales volumes (MarkLines aggregate data, excluding commercial vehicles; estimates are included) and analyzes sales trends of electric vehicles (BEV: battery electric vehicles / PHV: plug-in hybrid vehicles / FCV: fuel cell vehicles) in the global market in 14 countries, including 11 major countries, which account for approximately 80% of global car sales, and three Nordic countries (*Note).
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11 major countries: China, U.S.A., Japan, India, Germany, France, Brazil, U.K., South Korea, Canada, Italy
3 Nordic countries: Norway, Sweden, Finland
These 14 countries account for about 90% of global electric vehicle sales.
(*Note) Reasons for high electrification rates in Nordic countries
- The population’s environmental awareness has always been high.
- A high percentage of electricity is generated from renewable energy sources such as hydroelectric power and wind power (awareness of the need to use abundant renewable energy for electric vehicles).
- Generous policies such as subsidies, tax incentives, and charging infrastructure development.
- A wide range of electric vehicle models is available.
*Note: Vehicle data rounded off to the nearest thousand units
Sales of electric vehicles in the 11 major countries and the 3 Nordic countries of Norway, Sweden, and Finland (14 countries in total) totaled 904,000 units in October. Year-over year (y/y), sales increased 51.5% in October, but compared to the previous month, sales results show a 5.0% decline.
The share of electric vehicles considering all powertrains was 17.7%, up 12.3 points from October 2020. However, compared to the previous month, the share of electric vehicles decreased slightly, by 0.1 points. The share of HVs (hybrid vehicles, excluding mild hybrids) remained unchanged at 5.2%.
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