61% of the world’s EVs were sold in the Chinese market in 2023 H1

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In the Chinese market, new energy vehicles (NEVs) are usually used to represent battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). According to data from Cui Dongshu, the secretary-general of the China Passenger Car Association (CPCA), from January to June 2023, the global sales volume of NEVs reached 9.54 million units, with 7.22 million units being BEVs, accounting for 76% of the total. Of the 7.22 million BEVs, 61% were sold in the Chinese market.

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The strong trend of new energy passenger vehicles is evident from the numbers, with sales reaching 6.05 million units from January to June 2023, marking a remarkable year-on-year increase of 45%. June alone witnessed a surge in sales, hitting 1.28 million units, representing a 43% increase compared to the same month in the previous year.

However, the global commercial vehicle market only accounts for 3% of the overall new energy vehicle sales, with passenger vehicles dominating the segment. Notably, in the first half of 2023, China’s new energy passenger vehicles accounted for an impressive 60% of the world’s total, highlighting its robust performance in the industry. China’s export of new energy vehicles is expected to remain strong in 2023 due to the country’s well-established industrial chain, full domestic market, and increased exports.

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Analyzing the broader trend, the global new energy vehicle market exhibited slow growth between 2012 and 2015, with 1.58 million and 1.79 million units sold, respectively. However, the development of new energy vehicles accelerated in 2016, witnessing significant growth year after year. By 2020, there were 9.77 million new energy vehicles globally, of which 3.19 million were ordinary hybrids.

In 2022, the sales volume of generalized new energy vehicles reached 14.11 million, with hybrids accounting for 26%. In the first half of 2023, the sales volume of generalized new energy vehicles reached 9.54 million units, with hybrids accounting for 24% of the total.

Focusing on pure electric vehicles, they gained particular attention from global readers. CPCA’s data reveals the market share of major car companies in the pure electric vehicle field during the first half of 2023. The top five pure electric vehicle manufacturers are Tesla, BYD, SAIC, Volkswagen, and Geely-Volvo.

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Source: CPCA

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