Global Electric Vehicle passenger vehicles sales crossed 1.2 crores in Q4 2022

According to the most recent data, global sales of passenger Electric Vehicle (EVs) increased by 53% year on year in Q4 2022, according to a report by a global technology market research firm. This equates to more than 1.2 crore electric vehicle units for the fiscal year 2022-23.

According to the same report, Tesla’s Model Y has remained the best-selling Electric Vehicle model worldwide.

Electric Vehicle
credit: news18

It is followed by the Song model from China-based BYD. Notably, battery electric vehicles accounted for nearly 72 percent of all vehicle sales in Q4 FY22-23. PHEVs, on the other hand, have absorbed the remaining market share. China, Germany, and the United States were the top three EV markets in 2022.

“The annual total for 2022 would have reached close to 11 million units had fresh Covid-19 infections not surfaced in China. The infections in China during November and December affected automotive production and sales and disrupted the component supply chain,” said research analyst Abhik Mukherjee.

- Advertisement -

Furthermore, the top ten Electric vehicle automotive groups, which own over 39 passenger car brands, accounted for nearly 72 percent of all EV sales in Q4 2022. Many Chinese brands began to expand in markets such as Europe, Southeast Asia, and Latin America in 2022.

Also Read:

Source

Subscribe

Related articles

Maruti eVitara: The Electric SUV Revolutionizing Indian Roads!

The Maruti eVitara is all set to revolutionize the...

Nitin Gadkari Reviews Mahindra BE 6, XEV 9e: EVs That Stun!

Nitin Gadkari Reviews Mahindra BE 6, XEV 9e: EVs...

Tata Motors’ 2025 EV Revolution: Harrier.ev & Sierra.ev Unveiled

Tata Motors’ 2025 EV Revolution: Harrier.ev & Sierra.ev Unveiled Tata...

Bajaj Chetak 35 Series: The Electric Scooter You Need in 2025!

The Bajaj Chetak 35 Series is here, and it’s...

Tata Harrier EV: The Game-Changing Electric SUV of 2025!

The Tata Harrier EV is creating a buzz in...

LEAVE A REPLY

Please enter your comment!
Please enter your name here