Worldwide Electric Vehicle Sales Up 70%!

Worldwide Electric Vehicle Sales Up 70%!

PwC and strategy consultancy group Strategy& announced their electric vehicle sales reports worldwide and in our country. Details are here!

PwC and strategy consulting group Strategy& have released a report on battery electric vehicle (BEV) sales worldwide. The report reflects data compiled from many country markets such as the USA, Europe, China, Japan, South Korea and Turkey. According to the report, which shows that consumers’ interest in electric vehicles is still high, even geopolitical tensions and high energy prices have not changed this trend. In 2022, worldwide BEV sales reached a record high, increasing 70% year over year.

While BEV sales in Turkey increased by 172%, PHEV sales increased by 15% to 1,000 units compared to the previous year. HEV sales, on the other hand, had the highest share among electric vehicles throughout the year, accounting for 8% of the total market. These data show that Turkey also plays an important role in the rise in the electricvehicle market.

Electric Vehicle Sales Increase in the World

In the US, battery electricvehicle sales increased by 92%, while powertrain sales decreased by 8%. In China, on the other hand, sales increased by 85%, again a significant increase. In Europe, sales increased by 28% year-over-year in the five largest markets, France, Germany, Italy, Spain and the United Kingdom. Sales were particularly high in Germany and the United Kingdom. Sweden was the country with the highest increase rate of 66% in the other markets group in Europe. In Japan, hybrid vehicles dominated almost all of them, while battery electric vehicle sales remained at only 32 thousand units.

Electric Vehicle

The report also shows that original equipment manufacturers’ (OEM) investments in new and attractive models, government incentives and evolving charging infrastructure have contributed to the growth of the electricvehicle market. These investments and incentives are one of the important steps for a more sustainable and environmentally friendly future. Electric vehicles are becoming even more attractive, surpassing internal combustion vehicles in terms of total cost of ownership.

As a result, this report by PwC and Strategy& is seen as a sign of the huge rise in the worldwide electricvehicle market and the growing consumer interest in eco-friendly vehicles. Continuation of this trend will be an important step towards a more sustainable future.

Gül Demirci

Hi, I'm Gul. I am a writer for Expat Guide Turkey and I strive to create the best content for you. To contact me, you can send an e-mail to Happy reading!

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