Auto & Transportation

According to Huacheng Import and Export Data Observation, the proportion of global electric vehicle sales to all new vehicle sales will reach 10% for the first time in 2022, up from 8.3% in 2021. In the long run, it is necessary to strengthen efforts to launch enough charging infrastructure to meet the needs of the growth of electric vehicle sales.

According to the Huacheng Import and Export Data Observation Report, the latest statistics show that the proportion of global electric vehicle sales to all new vehicle sales will reach 10% for the first time in 2022, up from 8.3% in 2021.

According to the data provided by LMC Automotive and EV-Volumes, the global sales of electric vehicles in 2022 totaled about 7.8 million, up 68% year on year. In 2022, the global total sales of new cars reached 80.6 million, down about 1% year on year.

The main markets for global electric vehicle sales are Europe and China. In these two markets, manufacturers have focused on the sales of electric vehicles and launched a large number of new models while optimizing and improving existing vehicles. According to Huacheng Import and Export Data Observation, pure electric vehicles accounted for 11% of the total sales of European vehicles in 2022, and 19% in China. If plug-in hybrid vehicles are added, the proportion of electric vehicles sold in Europe in total sales rose to 20.3% last year.

Foreign media commented that the global sales of electric vehicles surged last year, mainly driven by the strong growth of China and Europe, which provided a respite for the auto market affected by economic slowdown, high inflation and production interference. In China and Europe, the share of electric vehicles in the overall market has become quite large, becoming increasingly mainstream and affecting the performance of the global automobile market.

In addition, according to Huacheng Import and Export Data Observation, in 2022, electric vehicles accounted for 5.8% of all vehicle sales in the United States. According to the data of the German Automobile Manufacturers Association, the output of electric vehicles has accounted for 25% of the output of new cars in 2022. In December last year, the sales of electric vehicles in Germany exceeded that of traditional fuel vehicles.

Electric vehicle sales are expected to increase again in 2023. S&P Global Mobility, a data statistics and forecasting agency, predicts that the sales of electric vehicles will reach 10 million this year, accounting for 14% of the annual sales of new vehicles.

In terms of Volkswagen, its total sales of new vehicles fell by 7% last year to 8.3 million, but the sales of electric vehicles increased by 26% to 572100. At the same time, Ford Motor and Mercedes-Benz Group said that their sales of electric vehicles had more than doubled in 2022, while the total sales of vehicles had declined.

However, some auto industry analysts warned that electric vehicles may not repeat the strong performance of last year in 2023. On the one hand, the risk of economic recession will hit consumers' willingness to buy; On the other hand, the withdrawal of car purchase subsidy policy is also a negative factor.

Ernst&Young analyst Peter Fass said that in the coming year, the economic weakness will probably weaken the demand of consumers and enterprises, and the situation of car discounts will reappear.

It is also pointed out that in the short term, the biggest obstacle to the continued strong sales of electric vehicles is the soaring price of some key minerals necessary for battery manufacturing and the interruption of the supply chain. In the long run, it is necessary to step up efforts to launch enough charging infrastructure to meet the needs of the growth of electric vehicle sales, Huacheng Import and Export Data Observation Report.