Electric Vehicle (BEV/PHV/FCV) Sales Monthly Report (November 2022)
Electric vehicle sales in November increased 53.8% y/y to 1.045 million units
2022/12/22
- 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
- (Reference) Passenger car sales trends in 11 major countries (including all powertrains)
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
Monthly sales of electric vehicles in the 11 major countries and the three Nordic countries of Norway, Sweden, and Finland (14 countries in total) exceeded 1 million units for the first time in November, at 1.045 million units. Year-over-year (y/y), sales increased 53.8% in November, and compared to the previous month, sales results show a 15.6% increase.
The share of electric vehicles considering all powertrains was 20.7%, a significant increase of +3.0 points from the previous month. On the other hand, the share of HVs (hybrid vehicles, excluding mild hybrids) was 5.1%, down 0.4 points from the previous month. (*Some corrections have been made to the historical volume data.)
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