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Over 1.5 Million EVs Sold In The 1st Quarter Of 2023 In China Alone Making 59% Of Global Sales
The sales of electric and electrified vehicles are growing and steadily replacing the sales of gas and diesel-powered cars. When we look at individual brand sales records, or even when we look at individual countries the picture still isn’t complete. Looking at global sales puts everything in perspective with one country leading the way.
On the one hand, China has an easy job – it’s a huge country with a huge population hungry for cars. It has the biggest automotive industry in the world as well so it is natural for the country to be selling the most vehicles in the world. But it is the electric car transition that shows unrelenting growth and makes China the fastest country in the world to adopt electric drivetrains.
In the first 3 months of this year, there were 2.55 million electrified vehicles sold globally, that’s battery-powered cars and plug-in hybrids together. Out of that number, only 30% were plug-in hybrid vehicles, which follows their decreasing trend. The Chinese market swallowed 59% of all global sales – nearly two-thirds of all electrified vehicles were sold in China.
Despite China no longer offering EV subsidies, electric car sales grew by 25% when compared to the same period year ago. The global increase stands at 26% year-on-year. China has increased its exports of EVs as well compared to a year before, in total 217,000 electric cars were sent from China to other markets. BYD is leading the export growth with nearly 39,000 EVs sold to other countries which is a 14-fold increase over last year’s figures.
