Electric Vehicle Industry Trends | Global EV Outlook 2023

Froststore02 Aug, 2024Business

This Frost & Sullivan study provides an outlook for the electric vehicle industry based on the latest industry data; it provides an outline of current trends and an in-depth analysis of future developments, as well as a breakdown of the main stakeholders in the sector and their performance. EV sales in 2022 amounted to a total of 10.5 million, of which 72.7% were BEVs and 27.2% were PHEVs. FCEV sales remained the same as in 2021, which constituted 0.1% of the total EV sales. Global EV penetration increased from 9% in 2021 to 13% in 2022. APAC continued to record the highest y-o-y growth of 82.7%.