Jun 7, 2023 One in every seven cars sold during Q1 2023 was an EV. Tesla Model Y becomes the best-selling passenger car model globally for the first time ever. EV sales are expected to reach over 14.5 million units by the end of 2023. ...
Elsewhere in 2023, consumers were also impacted by higher interest rates, which affected middle-income consumers faced with the comparative higher cost of an EV compared to an internal combustion (ICE) vehicle. A lack of charging infrastructure also remains a deal breaker for many when it comes ...
Global EV sales continue strong. A total of 4,3 million new BEVs and PHEVs were delivered during the first half of 2022, an increase of +62 % compared to 2021 H1. The regional growth pattern is shifting, though. Following 2 years of steep sales increases in Europe, EVs gained only ...
In full-year 2023, Lexus worldwide car sales increased by 32% to a record high with the USA the most important global country market.
BYD has concluded 2023 with record-breaking sales volume, which surpasses the 3 million annual sales target and becomes the global new energy vehicle (NEV) sales champion, for the second year in a row. This year also marks BYD being listed among the global top 10 of car sales ...
They expect battery costs to increase 6% in 2023 from the year before: “Given that initial costs for an EV are higher than an internal combustion engine (ICE) vehicle, lowering the costs via technological innovation (in areas such as batteries and semiconductors) is a major...
Headquartered in Liuzhou of southern China’s Guangxi region, Wuling Motors is a well-known local car manufacturer and has a joint venture with SAIC and GM China named SGMW.The total sales of Wuling GSEV numbered 1 million, ranking first in EV sales worldwide. It is the fastest car company...
Chinese automaker BYD recently marked its five millionth new energy vehicle built. The company says it's the first global automaker to reach this milestone. China's auto export was No. 1 in the world in the first half of this year, driven by electric car sales. With a fir...
July 17, 2023 car market China,Electric cars in China,electric vehicles development in China,NEV China’s Electric Vehicle (EV) market is poised for exponential growth, fueled by clean energy initiatives and robust government backing. With an estimated revenue ofUS$ 292.1 billion in 2023, the ...
(EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6600000 units from 2980000 units. Therefore, the increased penetration...