China purchased 4.8 million BEVs over 10 months 2023
- Over the first 10 months of 2023, the world purchased more than 8.0 million battery electric passenger cars (BEV) representing 11% of the market, including 7.5 million in China, Europe and the United States. As for battery electric light utility vehicles, they are still very marginal and it will take several years for their distribution to be at the same share as passenger cars.
- Regarding battery electric passenger cars, China purchased 4.8 million over the first 10 months of 2023 compared to 3.9 million over the first 10 months of 2022 and 2 million over the first 10 months of 2021. BEVs represent 23% of the Chinese passenger car market this year compared to 21% in 2022 and 13% in 2021. China is of course the world's leading BEV market in 2023, as in 2022 and 2021, representing 60% this year of global BEV sales.
- Europe (EU + UK + Norway + Switzerland) for its part purchased 1.7 million BEVs over the first 10 months of 2023, compared to 1.1 million over the first 10 months of 2022 and 0.9 million over the first 10 months of 2021. But we have observed a stabilization in volume of BEV sales in this region since March 2023 (while growth continues in China). BEVs represent 16% of the European passenger car market this year compared to 14% in 2022 and 10.5% in 2021. BEV sales growth is slowing in Europe.
- The United States, for its part, purchased 1 million BEVs over the first 10 months of 2023, compared to 650 000 over the first 10 months of 2022 and 350 000 over the first 10 months of 2021. BEVs represent 8% of the US market this year compared to 6% in 2022 and 3% in 2021. Contrary to what we observe in Europe, the growth in BEV sales continues month after month.