According to the latest data from Counterpoint, the global sales of passenger electric vehicles (referring to pure electric vehicles and plug-in hybrid vehicles) in the fourth quarter of 2022 will increase by 53% year-on-year, making the total sales in 2022 more than 10.2 million, a year-on-year increase of 65%.
According to the report, in the fourth quarter of 2022, pure electric vehicles accounted for nearly 72% of all electric vehicle sales, with plug-in hybrids accounting for the remainder. China, Germany and the United States are the top three EV markets. The top 10 EV groups own more than 39 passenger vehicle brands and will account for nearly 72% of total EV sales in Q4 2022.
▲ Picture from Counterpoint, the same below
In the fourth quarter of 2022, the top ten electric vehicle models accounted for one-third of the total sales of passenger electric vehicles. Tesla’s Model Y remains the best-selling car globally, with BYD’s Song not far behind.
Counterpoint analysts expect EV sales to reach nearly 17 million by the end of 2023. Lithium prices are also expected to fall in the second half of 2023, which should benefit EV sales.
