Top 10 markets by electrified vehicle sales volume and
electrified vehicle penetration.
As we countdown to 2023, we are sharing (week-) daily
information pieces, using data from
Global Auto Demand Tracker. Today, we wanted to highlight two
different perspectives on the electrified vehicle space: By sales
volume, Mainland China is by far the leading market. In fact,
Mainland China is selling more electrified vehicles than the next
nine countries together.
In contrast, Norway with a population of about 5.4 million –
comparable to metropolitan Atlanta – is the leader in electric
vehicle penetration. About 80% of new vehicles registered in Norway
are electrified. Interestingly, China is taking 10th place in terms
of electrified vehicle penetration which demonstrates the enormous
runway China has ahead of it.
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This article was published by S&P Global Mobility and not by S&P Global Ratings, which is a separately managed division of S&P Global.