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Sales of plug-in passenger cars achieved a 9% global market share of new car sales in 2021, up from 4.6% in 2020, and 2.5% in 2019. [2] [7] [8] The PEV market has been shifting towards fully electric battery vehicles. The global ratio between BEVs and PHEVs went from 56:44 in 2012, to 60:40 in 2015, and rose to 74:26 in 2019.
The competitiveness of the Chinese market means consumers don't need to spend a fortune to obtain luxury vehicles. The SU7, an electric sedan built by Chinese smartphone maker Xiaomi, is packed ...
Apple is the clear market share leader in domestic smartphone sales with iPhone, ... is No. 1 in global market share. ... Tesla is North America's leading electric-vehicle (EV) manufacturer and ...
In Norway, the combined market share of Chinese manufacturers such as MG, part of SAIC Motor, BYD and XPeng increased to 8.8% last year, up from 5.1% in 2023 and 4.1% in 2021, according to Reuters ...
The electric vehicle industry in China is the largest in the world, accounting for around 58% of global production of electric vehicles (EVs) [1] and more than 1.5 million exports in 2023. [2] In 2023, CAAM reported China had sold 9.05 million passenger electric vehicles, consisting 6.26 million BEVs (battery-only EVs) and 2.79 million PHEV ...
By 2023, BYD continued to be the world's largest plug-in hybrid electric vehicle manufacturer and the second-largest battery electric vehicle manufacturer (after Tesla), with global market shares of 21.4% and 15%, respectively. [69] [70] BYD also held a 36% market share in the new energy vehicle segment in China as of September 2023. [71]
Gas-electric hybrid sales, on the other hand, grew 54% to 1.2 million last year, with market share increasing from 5.6% in 2022 to 7.7%, slightly outdistancing EVs in the process, according to The ...
The plug-in car segment had a market share of 1.3% of new car registrations in 2016, rose to 3.6% in 2019, and achieved 11.4% in 2020. [171] [172] [173] The largest country markets in the European region in terms of EV stock and annual sales are Germany, Norway, France, the UK, the Netherlands, and Sweden. [19]