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Electric Vehicle Sales Review Q3 2022

China tightens its grip on global battery electric vehicle market

Global battery electric vehicle (BEV) sales reached the two million mark for the first time in the third quarter of 2022, growing by 75% compared to the corresponding period last year. Much of that increase can be attributed to China, where the BEV market continued to expand at breakneck speed.

Constant rapid growth in such a huge market has inevitably cemented China’s BEV standing on the global stage. Flushed with this success and furnished with all the BEV expertise they have developed at home, Chinese OEMs are now seeking to consolidate their foothold in Europe. Compared to their previous market entries in the past decade, the playing field has now been significantly leveled.

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Electric Vehicle Sales Review Q3 2022

Electric Vehicle Sales Review Q3 2022

China tightens its grip on global battery electric vehicle market

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