BEV/PHEV passenger car sales in 35 major global markets to exceed 10 million units for the first time in 2022
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BEV/PHEV passenger car sales in the world’s 35 leading countries were compiled on a preliminary basis, and in 2022 they exceeded 10 million units for the first time, up 60.2% on the previous year to 10,434,000 units. China leads the global market with 6,548,000 units.
China led the global market with a 94.3% increase to 6,548,000 units, followed by Western Europe (up 14.1% to 2,525,000 units) and the USA (up 44.9% to 921,000 units), where environmental regulations are being tightened.
By country/region, the market was led by Western Europe (up 14.1% to 2.525 million units) and the USA (up 44.9% to 921,000 units), where environmental regulations are becoming stricter. Western Europe and the USA are experiencing a shortage of products and inflation, which has reduced disposable incomes and
Even though the passenger car market as a whole, including internal combustion engine vehicles, is declining due to a decrease in disposable income caused by product supply shortages, and rising loan interest rates following interest rate hikes,
BEV/PHEV sales grew by double digits.
The ratio of passenger cars (including internal combustion engine vehicles) to BEV/PHEV sales worldwide (calculated from the countries covered) rose by more than 5 percentage points to more than 14.5%.
It is estimated to have increased to over 14.5%. By country/region, sales in China and Western Europe increased by 12.1 points to 27.8% and 4.0 points to 24.8% respectively.
Western Europe accounted for about one-quarter of the total market. On the other hand, the US (up 2.4 points to 6.7%) and Central and Eastern Europe (up 1.7 points to 5.7%) account for less than 10%.
However, the market size is expected to grow in the medium term due to the sales strategies of automobile manufacturers.