1、Electric Vehicle Sales Review Q3 2023Foresight to drive the industryOctober 2023Strategy&This publication has been developed in collaboration between Strategy&,PwCs global strategy consulting business,alongside PwC Autofacts Automotive industry and function experts.Together,we transform organization

2、s by developing actionable strategies that deliver results.At PwC,our purpose is to build trust in society and solve important problems.Were a network of firms in 152 countries with almost 328,000 people who are committed to delivering quality in assurance,advisory and tax services.Find out more and

3、 tell us what matters to you by visiting us at .PwC refers to the PwC network and/or one or more of its member firms,each of which is a separate legal entity.Please see for further 2Strategy&Executive summary 3BEV growth slows markedly in China,but maintains pace in other analyzed marketsBEV sales i

4、n all twenty analyzed markets increased by 26%in the third quarter of 2023in comparison with the same period last year.But if it were not for waning growth in theChinese market,that figure would be considerably higher.That is because China heavily dominates the global BEV market.Indeed,Chinese BEVsa

5、les accounted for two thirds of sales in all analyzed markets in the third quarter of2023.Growth in BEV sales in China was 16%in Q3 2023 vs.Q3 2022.Growth in BEVsales for the same period for all other 19 analyzed markets outside China was 49%.BEV sales growth in China has been slowing for several mo

6、nths,in large part due toa weakening economic outlook,and is now significantly lower than just two years ago.In 2021,BEV sales growth there reached 172%.However,it should also be notedthat BEV sales growth in China between Q3 2022 and Q3 2023 was still comfortablyhigher than the overall growth of to

7、tal powertrain sales in the country in that period(16%vs.6%).Indeed,BEV sales growth was higher than total powertrain sales growth in the periodin question in all analyzed markets,with only one exception South Korea.Some ofthe recorded gaps between BEV sales growth and overall powertrain sales growt

8、hwere very substantial for example,62%vs.17%in the USA,and 59%vs.18%inGermany.Market trends suggest that this strong BEV sales performance will continue,with projected growth of 35%in all analyzed markets in 2024.PHEV sales,on the other hand,reflect a more nuanced picture.Although only Italy,Spain,J

9、apan and Brazil sold more PHEVs than BEVs in the third quarter,the QoYgrowth of PHEV sales was higher than for BEV sales in several countries,includingChina,USA,France,UK and Austria.In Germany,however,PHEV sales fell by 42%inQ3 2023 vs.Q3 2022.China slowdown hinders global BEV growth49%vs.16%BEV Qo

10、Y sales growth in all other 19 analyzed markets outside China vs.BEV QoY sales growth in ChinaStrategy&41.News and highlights Meanwhile,BMW revealed the Neue Klasse concept.Thecompany plans to roll out six models within 24 monthsbased on this new BEV-dedicated platform that is set tolaunch mid-decad

11、e.4Microcar manufacturers join forces to push caseAgroupofEuropeanmanufacturersofL7e(heavyquadricycle)microcars have formed an alliance in their bidto create an alternative to traditional passenger cars.Thefounding members of the“Microcars Coalition”includeMicrolino,CityTransformerandCircleMobility.

12、Thecoalition is seeking to raise awareness of microcarsand their advantages in cities,and lobby for tax andsubsidy policies that encourage people to switch tomicrocars.The coalition also aims to work with urbanauthorities to create special exemptions and benefits formicrocars in city traffic and car

13、 parks.5Battery recycling market gathers paceAn August 2023 joint study by PwC Strategy&andRWTHAachen University hassuggestedthattheEuropean battery recycling market will be viable andsustainable by 2035.Various factors are accelerating thisdevelopment the rapid electrification of the car market,low

14、ercostsresultingfromimprovedtechnology,aregulatorypushfromgovernments,andmassiveinvestments from OEMs and others.6One example of thisinvestment is The Future is Neutral,a company created bythe Renault Group,which aims to lead the industry inclosed-loop battery recycling.7IAA show confirms emerging m

15、arket trendsThe IAA Mobility 2023,the largest auto show in Europe,was held this September in Munich.The event,whichattracted 500,000 visitors,highlighted two major trends intheEVmarket:ChineseOEMsaregainingmoreprominence,and the EV market is moving from a focuson high-end luxury towards mainstream.O

16、ut of 22 major OEMs displaying their models,seven werefrom China.The event therefore reflects an intensifyingcompetition between China and Europe,as EuropeanOEMs strive to introduce lower-cost BEVs and follow thelead set by the Chinese OEMs,which have specialized inmore affordable models.1New Chines

17、e models drawing attention included two fromthe manufacturing giant BYD:the Seal,a mid-size sedan,and the Seal U,a mid-size SUV.And another from thestart-up Leapmotor:the C10,a mid-size SUV.2EuropeanOEMsalsodisplayedtheirnewestdevelopments.Mercedes-BenzrevealedtheCLAconcept,an entry-level BEV sedan

18、with a significant 750kilometer range,which will go on sale at the end of 2024.3The Inflation Reduction Act(IRA)in the United States,which stipulates that BEVs made with US-recycled batterymaterialsshouldbeeligiblefortheIRAspurchaseincentives,has further led to a boom in BEV batteryrecycling in the

19、country,helping the region to challengeChinas dominance in that field.8Batteries benefit from technological innovationTechnological progress in battery development feeds offthe expansion of the BEV market,as OEMs compete toupgrade their products and attract the growing number ofBEV consumers.Improve

20、d battery technology inevitablyleadsinturntofurtherBEVadoptionandmarketexpansion.Several announcements on this front have hitthe headlines in recent months.Chineseautomotivebattery manufacturer,CATL,hasannounced its Shenxing battery that delivers a range of400 kilometers after just 10 minutes of cha

21、rging.Thelithium iron phosphate(LFP)battery contains modifiedelectrode materials and an electrolyte mix that acceleratecharging while maintaining safety and ensuring resistanceagainst the cold.9Toyota has unveiled a breakthrough in its solid-statebattery technology,which promises to halve the size,c

22、ostand weight of batteries for its electric vehicles.Thecompany said it had developed ways to manufacture asolid-state battery with a range of 1,200 kilometers thatcould charge in a maximum of 10 minutes.Toyota expectsto make solid-state batteries available for commercial useby 2027.10Chinese OEM pr

23、esence grows as European BEV market moves more mainstreamSources:1 Techcrunch,6 September 2023;2 Automotive News Europe,5 September 2023;3Carwow,29 September 2023;4 Reuters,4 September 2023;5 Elektrive,15 June 2023;6 Strategy&,August 2023;7 Automobilwoche,9 August 2023;8 Reuters,21 July 2023;9 Nikke

24、i Asia,17 August 2023;10 The Guardian,4 July 2023Strategy&51.News and highlights Oil demand reaching a peak in China and beyondIn a further sign that the world is moving away fromICE vehicles and towards EVs,it is becoming clear thatglobal demand for oil is slowing.Sinopec,the Chinese oil and gas co

25、nglomerate,has saidthat it now expects gasoline demand to peak in China in2023,two years earlier than it previously predicted.Itattributes the end of growth to the surging demand forBEVs in the country.5The trend is not unique to China.According to theInternational Energy Agency,global oil demand wi

26、ll trickleto a halt over the coming years,6while oil use for transportwill go into decline after 2026 as the popularity of electricvehicles,thegrowthofbiofuelsandimprovingfueleconomy all reduce consumption.7Trade war concerns as stakes are raisedWith much of the world beset by falling economic growt

27、h,the rapid expansion of the BEV market offers some respitefrom the overarching narrative.As a result,it is not just OEMs that are latching on to thepotential of BEVs,but governments too.And just ascompanies want to fend off competition in their pursuit ofBEV sales growth,so do countries.Authorities

28、 in Europe,China and beyond are therefore seeking subtle ways tolimit the success of foreign OEMs in their markets.France has published new eligibility rules for BEV purchaseincentives,tied to environmentally friendly production,thatmay exclude vehicles made in China.Among other criteria,models will

29、 be scored against government-set thresholdson the energy used to make their constituent materials.Asthe Chinese industry relies heavily on coal-generatedelectricity,its vehicles are likely to miss out on theincentive.8Meanwhile,theEuropeanUnionhaslaunchedaninvestigation into whether to impose punit

30、ive tariffs againstimported Chinese BEVs,whose prices are arguably keptartificially low by state subsidies.9This move would clearlyprotect EU producers.In a possible retort,China is considering the introduction ofCO2limits for all vehicles.Every BEV also emits CO2,butthis is due to electricity gener

31、ation at the power plant ratherthan from the exhaust.German BEVs tend to be in biggervehicle segments and would be particularly affected by anysuch limit.10BEVs approach breakeven pointIn recent months,several major legacy OEMs havepublicized their views on when BEVs would becomeprofitable.Their opi

32、nions have differed,but they all agreedthat BEV profitability is,at worst,just around thecorner,facilitatedbyincreasedinvestmentandeconomies of scale.GM believes that its BEVs will become profitable from2025,thanks in large part to its Ultium platform with aflexible battery architecture and stated a

33、bility to increasepower,driving range and performance.1Volkswagen madea similar forecast,stating that the company will be able tobuild some BEVs at the same profit margins as ICE modelsby 2025.2BMW declared that the company already makes just asmuch profit from the sale of electric vehicles as they

34、dofrom ICE models,and such profits would increase with theadvent of the Neue Klasse generation of BEVs.Althoughthe company admitted that BEVs were more expensive toproduce,these costs are offset by higher prices.3However,Mercedes-Benz struck a more cautious note,emphasizing that their variable costs

35、 for producing BEVswouldremainhigherthanforICEmodelsfortheforeseeable future.These variable costs includerawmaterialsforbatteries,softwaredevelopment,andelectricity prices.The company is therefore working tooptimize fixed costs and resource allocation to achievesimilar profitability with BEVs as for

36、 ICEs.4OEMs declare BEVs to be on the cusp of profitabilitySources:1Carscoops,13 September 2023;2Reuters,17 May 2023;3DW,2 September 2023;4Reuters,4 September 2023;5 Bloomberg,29 August 2023;6 CNBC,14 June 2023;7 IEA,14 June 2023;8 Reuters,20 September 2023;9 Reuters,13 September 2023;10 FOCUS Onlin

37、e,29 September 2023Strategy&62.Analyst insights Current market trends point to a 35%increase in BEVsales for 2024 in the twenty analyzed markets.However,beneath this headline figure lies a nuanced picture in eachparticular region,and for each OEM.EuropeThe top 5 European markets(Germany,France,UK,It

38、aly and Spain)are set to enjoy BEV sales growth of43%in 2024.However,there is very much a dividebetween the Northern and Southern European countries.Germany,the UK and France are all hovering the inflectionpoint,around 16%BEV market share,widely considered atwhich mainstream consumers give serious c

39、onsideration toa BEV purchase.We therefore believe that BEV sales willgain further steam in these markets during 2024.The picture in Spain and Italy is less rosy.The marketshare still labors in single digits,bringing down the overallaverage of the European top 5.This does not alter thelonger-term pr

40、ognosis,however.Given the growing parityin the total cost of ownership between BEV and ICEvehicles,and planned EU and UK rules on the purchase ofzero-emission cars,there is a clear path towards 100%BEV sales throughout the entire region by 2035.ChinaChina will remain by some distance the largest sin

41、gleBEV market in the world in 2024,although a weakeningeconomic outlook is set to limit BEV sales growth to a stillhealthy 34%.Domestic manufacturers are getting stronger and will havea market share of more than 50%in China for the first timeas of 2023.1Intensifying competition means that several lo

42、cal andforeign OEMs will fall by the wayside.In addition,there aresome concerns that a trade war might develop betweenChina and Europe,resulting in government measures thatcould stymie the growth of foreign OEMs in the Chinesemarket.USAWe estimate that the US BEV market will grow by 27%in2024.Therei

43、sstillsomeambiguityabouttherepercussions of the tax credit for new EV purchases to beintroduced in 2024,which excludes cars with batterycomponents from any source the US regards as a“foreignentityofconcern”.IndividualOEMswillfacethecommercial consequences if their vehicles are deemed notto qualify.O

44、EMsGerman OEMs are set to enjoy a global increase of 40%inBEV sales in 2024.The significant growth is also due to thefact that German OEMs are entering 2024 with an overalllower BEV share unlike Chinese OEMs.Established Chinese OEMs are forecasted to increase theirBEV sales at a slightly faster rate

45、 than their new Chineserivals(32%vs.30%),as the latter are less known outsideof their home country.Aside from a lack of global brandawareness,Chinese OEMs face other disadvantages andrisks,such as the danger of spreading themselves toothinly and protectionist measures from importing countries.In bot

46、h cases,the strong gains from BEV sales in 2024 aredue to higher overall sales compared to 2023 and to thecannibalization of ICE sales by BEVs.Largest European markets to lead the BEV charge in 2024BEVsSales 2024Market Share 2024YoY GrowthEurope Top 51,846,00018.1%42.6%China6,865,00027.7%33.9%USA1,4

47、62,0009.8%27.4%0123456720192020202120222023F2024FEurope Top 5ChinaUSABEV sales in million units(2019 2024F)Sources:1 CAAM,10 October 2023;PwC Autofacts Analysis,AAADATA,ANFAC,ANFIA,ANL,CAAM,CPCA,KBA,SMMT Strategy&Top BEV models in Q1-Q3 20232.Analyst insights7Tesla Model Y continues to dominate key

48、marketsEuropean Top 4ModelSales Jan-Sep 23Tesla Model Y78,014Fiat 500e38,746Volkswagen ID.4,ID.534,790Dacia Spring32,844Tesla Model 331,054Peugeot E-20826,286MG 424,880Volkswagen ID.323,279Renault Megane Electric19,660Skoda Enyaq17,597ChinaModelSales Jan-Sep 23Tesla Model Y320,109BYD Dolphin221,579B

49、YD Yuan Plus217,670Aion S182,230Wuling Hongguang Mini EV169,526Aion Y163,552BYD Seagull119,828Tesla Model 3113,620Wuling Bingo92,538Changan Lumin92,08045678910Source:PwC Autofacts Analysis,KBA,AAA Data,DGT,UNRAE,CPCAUSAModelSales Jan-Sep 23Tesla Model Y296,059Tesla Model 3166,042Chevrolet Bolt EV/EU

50、V49,494Ford Mustang Mach-E28,882Volkswagen ID.427,155Hyundai IONIQ 525,306Tesla Model X18,174BMW i417,181Rivian R1S16,540Kia EV614,798Strategy&83.Electric vehicle sales dataQ1 2023Q2 2023Q3 2023Q4 2023BaojunYueyePorscheMacanFiat600BYDSeagullMiniCooperNIOEC7ChevroletSilverado EVTesla CybertruckLexusR

51、ZVolkswagenID.7BMWi5MGAir EVSource:S&P Global Mobility Light Vehicle Production forecast,October 2023 ReleaseNew BEV launches drive market growthStrategy&Electric Vehicles(EVs*)9EV sales growth continuesKey Markets3.Electric vehicle sales data*EV=Battery Electric+Plug-in Hybrids+HybridsSep 22 vs.Sep

52、 23(in 000 units)YTD Sep 22 vs.YTD Sep 23(in 000 units)03,0006,0009,00012,00015,000YTD Sep-22YTD Sep-239,50312,640+33%04008001,2001,6002,000Sep-22Sep-231,3691,758+28%WE 5+5ChinaUSAStrategy&Battery Electric Vehicles(BEVs)10BEV sales surged in WE 5+5 and ChinaKey Markets3.Electric vehicle sales dataSe

53、p 22 vs.Sep 23(in 000 units)YTD Sep 22 vs.YTD Sep 23(in 000 units)01,0002,0003,0004,0005,0006,0007,000YTD Sep-22YTD Sep-234,9696,565+32%02505007501,000Sep-22Sep-23749890+19%WE 5+5ChinaUSAStrategy&Plug-in Hybrid Electric Vehicles(PHEVs)11Plug-in momentum stays strong in ChinaKey Markets3.Electric veh

54、icle sales dataSep 22 vs.Sep 23(in 000 units)YTD Sep 22 vs.YTD Sep 23(in 000 units)05001,0001,5002,0002,5003,000YTD Sep-22YTD Sep-231,6872,547+51%0100200300400Sep-22Sep-23255378+48%WE 5+5ChinaUSAStrategy&124.Western Europe Top 5 and other European marketsEuropean Top 5:France,Germany,Italy,Spain,and

55、 United KingdomBEV sales in the top 5 European markets grew by 49%in the third quarter of2023 compared to the corresponding period in 2022.The strongest increase was recorded in Germany,with growth of 59%incomparison with Q3 2022.Sales were particularly strong in August.There was arush to purchase c

56、ompany vehicles before BEV subsidies became exclusivelyavailable to private buyers at the beginning of September.The BEV markets in the UK and France also grew strongly,up by 42%and 40%respectively from Q3 2022.BEV sales in Spain grew by 57%,but from a lowbase.The BEV market share in Spain stands at

57、 6%,compared to 18%inGermany,and 16%in the UK and France.The Italian BEV market lags behind even further,with market share of just 4%.Moreover,while BEV growth far outstrips that of the overall powertrain market inthe vast majority of analyzed markets,the gap is not that wide in Italy.BEV salesin It

58、aly grew by 20%in Q3 2023 vs.Q3 2022,compared to growth of 15%in theoverall new vehicle market.Meanwhile,PHEV sales in the top five markets showed no change from thecorresponding quarter last year.Although the PHEV markets in the UK andFrance grew by 62%and 49%respectively,the overall figure was bro

59、ught downby a fall of 42%in Germany.Despite the many PHEV models on offer inGermany,it seems that the cessation of PHEV incentives at the end of 2022 hascontributed to declining interest.Western Europe 5+5WE 5+52023 Q3Comparison to 2022 Q3BEV453,000+45%PHEV184,000+3%Hybrid679,000+30%Total1,316,000+3

60、0%Other European markets+5:AT,CH,NL,NO,SEThe largest BEV sales growth in the other European markets was seen in theNetherlands and Sweden,with increases of 68%and 56%respectively from thecorresponding quarter last year.BEV sales in Norway,which at 83%has thehighest BEV market share in the world by a

61、 considerable margin,actuallydeclined by 5%QoY as the saturation point is reached.However,even thatfigure still outperformed the overall Norwegian new vehicle market,whichdeclined by 16%in Q3 2023 vs.Q3 2022.Strategy&13United States4.United StatesThe US BEV market grew by 62%in the third quarter of

62、2023 incomparison with the same quarter in 2022.Given that the increase intotal vehicle sales in the same period was only 17%,the figures arefurther confirmation of the growing strength of the countrys BEVmarket,which took considerably longer than Europe and China to getoff the ground.Indeed,837,000

63、 BEVs have been sold in the USA so far this year.Ittherefore seems inevitable that sales will pass the one million mark inthis calendar year for the first time.US BEV market share currently stands at 7%.However,it should benoted that this percentage represents a more than threefold increasesince the

64、 third quarter of 2021,just two years ago,when marketshare stood at 2%.Government incentives,popular new models andthe development of the countrys charging infrastructure continue tostimulate popular demand for BEVs.The HEV and PHEV markets also both performed strongly in Q32023.For the second quart

65、er in succession,more hybrids than BEVswere sold,while PHEV sales continued their surge of recent monthsafter a period of slow growth.USA2023 Q3Comparison to 2022 Q3BEV303,000+62%PHEV80,000+98%Hybrid321,000+68%Total704,000+68%Strategy&14China and other Asian countries4.China and other countries in A

66、sia*Numbers may not add up due to roundingChinaChinas BEV sales increased by 16%in Q3 2023 from the corresponding quarterlast year.Although this figure still comfortably exceeded the increase of 6%intotal vehicle sales over the same period,it constitutes a significant drop from theheady years of 202

67、1 and 2022,when BEV sales grew by 172%and 85%respectively.The slowing growth can be attributed in large part to the weakeningeconomic performance in China and greater interest in PHEVs.However,PHEV sales have been less affected in recent quarters,and increasedby 71%in Q3 2023 compared to the same pe

68、riod last year.The purchase taxexemption for NEVs(new energy vehicles),whose broad definition incorporatesboth BEV and certain PHEVs with a long enough all electric range,is certainlyhelping to shore up this market.The year to date market share for BEVs and PHEVs stands at 21%and 9%respectively.Chin

69、a2023 Q3Comparison to 2022 Q3BEV1,765,000+16%PHEV765,000+71%Hybrid237,000-2%Total2,768,000*+25%South KoreaBEV sales in South Korea fell by 28%in Q3 2023 from the equivalent period in2022,the only such decline in all analyzed markets.The BEV market sharestands at 9%.In order to revitalize a stagnatin

70、g market,the government hasrecently announced plans to increase subsidies for the purchase of BEVs.JapanJapans BEV sales increased by 42%in Q3 2023 vs.Q3 2022.However,theBEV market remains tiny,with market share of less than 2%.Indeed,even thePHEV market share is slightly larger,making Japan an outl

71、ier among analyzedmarkets.The EV market is almost completely dominated by the sale of hybrids,which now has a market share of 54%.Strategy&EV registrations YTD Sep 2023WE 5+5Total registrations7,732,335EV registrations3,880,445of which BEV1,243,460of which PHEV554,203of which Hybrid2,082,782USATotal

72、 registrations11,614,406EV registrations1,886,575of which BEV837,290of which PHEV202,723of which Hybrid846,562ChinaTotal registrations21,066,000EV registrations6,872,490of which BEV4,484,000of which PHEV1,790,400of which Hybrid598,090ICEBEVPHEVHybrid155.Rankings83,8%7,2%1,7%7,3%49,8%16,1%7,2%26,9%67

73、,4%21,3%8,5%2,8%Shares of EV registrationsStrategy&166.Electrified vehicle assembly forecastElectrified vehicle assembly forecast by region02550752023F2028F27.663.4+130%1Western+Central EuropeChinaNAFTAAsia-Pacific(w/o China)RoWElectrified Vehicle Assembly by Region2023F vs.2028F(in million units)02

74、4682023F2028F3.96.5+65%3Plug-In Hybrid Vehicle Assembly2023F vs.2028F(in million units)0102030402023F2028F10.635.1+231%2Battery Electric Vehicle Assembly2023F vs.2028F(in million units)05101520252023F2028F13.021.8+67%4Full and Mild Hybrid Vehicle Assembly2023F vs.2028F(in million units)Source:S&P Gl

75、obal Mobility Light Vehicle Powertrain forecast,October 2023 ReleaseStrategy&01020304050607020192020202120222023F2024F2025F2026F2027F2028F-2002040608010012017Electrified vehicle assembly forecast6.Electrified vehicle assembly forecast5Global Electrified Vehicles Assembly by Powertrain Type2019 2028F

76、(in million units,percent)BEVPHEVFHEV+MHEVBEV GrowthPHEV GrowthFHEV+MHEV GrowthSource:S&P Global Mobility Light Vehicle Powertrain forecast,October 2023 ReleaseStrategy&BrandModelLaunchQuarterAudiQ6 e-tron2023Q4BMWiX22023Q4CadillacOptiq2023Q4ChanganQiyuan A072023Q4CupraTavascan2023Q4ExeedSterra ET20

77、23Q4FarizonSuper Van2023Q4MiniCooper2023Q4MiniCountryman2023Q4Nammi12023Q4Polestar42023Q4PorscheMacan2023Q4RenaultScenic2023Q4TeslaCybertruck2023Q4WulingXingguang2023Q418Overview:BEV modellaunches2023(not exhaustive)7.Electric vehicle model launchesSource:S&P Global Mobility Light Vehicle Production

78、 forecast,October 2023 ReleaseStrategy&19Overview:BEV modellaunches20242027(not exhaustive)7.Electric vehicle model launchesBrandModelLaunchAcuraRDX EV2025AitoWenjie M52027Alfa RomeoStelvio2025AudiA3 e-tron2027AudiA6 e-tron2024BMWi32026BMWi52024CadillacEscalade IQ2024ChevroletSilverado EV2024Citroen

79、e-C32024CupraRaval2026FiskerPEAR2025FordExplorer EV2025Hondae:NP22024HyundaiIoniq 72024Source:S&P Global Mobility Light Vehicle Production forecast,October 2023 ReleaseStrategy&BrandModelLaunchHyundaiIoniq 82026KiaEV22025KiaEV32024LucidGravity2024Mercedes-BenzEQC2025MGCyberster2024NIOET52027NissanMa

80、xima EV2025SkodaElroq2024ToyotabZ4X2025VinFastVF82025VolkswagenID.22026VolvoEX40202620Overview:BEV modellaunches20242027(not exhaustive)7.Electric vehicle model launchesSource:S&P Global Mobility Light Vehicle Production forecast,October 2023 ReleaseStrategy&LegendMoY=Month-on-Year QoY=Quarter-on-Ye

81、ar YoY=Year-on-YearYTD=Year-to-Date21Electric vehiclesales dataGermany,UK,France,Italy,Spain,WE-58.Electric vehicle sales dataYTD 2023MarketShareYTD 2022YoY YTDQ3 23QoYQ3 23Sep 23MoYSep 23Aug23MoYAug 23Jul23MoYJul 23BEV204,61515.9%140,96545.2%66,69840.1%30,17434.2%19,65659.5%16,86831.7%PHEV116,4239.

82、0%88,55431.5%38,43249.3%15,67034.9%9,53038.1%13,23283.1%Hybrid 303,61023.6%237,96227.6%98,50633.3%38,46630.3%27,16138.5%32,87932.8%Total EV624,64848.5%467,48133.6%203,63638.3%84,31032.5%56,34745.1%62,97940.6%FranceOthers663,98151.5%644,5863.0%195,2131.2%71,993-7.1%57,2528.9%65,9685.1%BEV387,28918.1%

83、272,47342.1%167,04558.8%31,714-28.6%86,649170.7%48,68268.9%PHEV123,3455.8%215,647-42.8%44,280-42.3%15,383-45.7%14,552-41.1%14,345-39.5%Hybrid 490,85523.0%344,70342.4%166,77749.6%57,79544.1%55,84459.0%53,13846.6%Total EV1,001,48946.8%832,82320.3%378,10228.9%104,892-7.0%157,04571.0%116,16530.9%Germany

84、Others1,136,57753.2%1,035,0629.8%363,0947.9%119,6106.8%116,3728.4%127,1128.5%BEV45,7693.9%35,86927.6%13,09219.8%4,944-2.3%4,05877.1%4,09014.4%PHEV52,9994.5%47,49911.6%14,08824.2%5,47437.1%3,33035.6%5,2847.9%Hybrid 419,70535.7%331,49926.6%123,33518.5%53,71134.8%27,221-2.3%42,40316.6%Total EV518,47344

85、.1%414,86725.0%150,51519.2%64,12931.2%34,6096.2%51,77715.5%ItalyOthers657,66855.9%561,35917.2%184,62011.5%72,10816.1%45,14016.9%67,3724.0%BEV41,8615.9%24,31872.1%12,65056.6%4,48219.7%4,065126.2%4,10361.6%PHEV45,4286.4%34,71930.8%13,54627.4%4,94317.9%3,38621.8%5,21742.5%Hybrid 224,03231.5%174,77028.2

86、%70,29723.0%24,20614.8%19,28622.5%26,80531.8%Total EV311,32143.8%233,80733.2%96,49327.2%33,63115.9%26,73731.6%36,12536.1%SpainOthers400,06156.2%366,4759.2%109,470-6.2%35,172-8.0%29,220-7.5%45,078-3.8%BEV238,54116.4%175,61435.8%85,57641.8%45,32318.9%17,24372.3%23,01087.9%PHEV98,9936.8%73,96133.8%36,8

87、3862.3%18,53550.9%6,60170.0%11,70279.1%Hybrid 461,73931.8%365,97126.2%162,17527.1%93,39328.2%23,41024.1%45,37226.4%Total EV799,27355.0%615,54629.8%284,58935.1%157,25127.6%47,25444.3%80,08446.5%UKOthers652,63545.0%592,82210.1%217,59911.2%115,35913.1%38,4036.4%63,83711.0%BEV918,07513.6%649,23941.4%345

88、,06148.6%116,6372.5%131,671125.4%96,75361.3%PHEV437,1886.5%460,380-5.0%147,1840.0%60,005-0.7%37,399-8.2%49,7808.2%Hybrid 1,899,94128.1%1,454,90530.6%621,09031.0%267,57131.5%152,92230.5%200,59730.6%Total EV3,255,20448.1%2,564,52426.9%1,113,33530.4%444,21317.6%321,99248.8%347,13033.7%WE-5Others3,510,9

89、2251.9%3,200,3049.7%1,069,9966.2%414,2425.7%286,3877.6%369,3675.8%Source:PwC Autofacts Analysis,KBA,SMMT,PFA,ANFIA,ANFAC,SCB,OFV,RAI,auto-schweiz,Statistik Austria,CAAM,CPCA,JADA,ODMD,MoRTH,ABVE,FCAI,GAIKINDO,PZPMStrategy&LegendMoY=Month-on-Year QoY=Quarter-on-Year YoY=Year-on-YearYTD=Year-to-Date22

90、Electric vehiclesales dataSweden,Norway,Netherlands,Switzerland,Austria,WE 5+58.Electric vehicle sales dataYTD 2023MarketShareYTD 2022YoY YTDQ3 23QoYQ3 23Sep 23MoYSep 23Aug23MoYAug 23Jul23MoYJul 23BEV34,89419.1%24,10444.8%11,52219.9%4,256-6.5%3,94549.5%3,32137.3%PHEV13,0857.2%9,43938.6%4,27347.5%1,5

91、3126.1%1,44269.1%1,30056.6%Hybrid 38,38321.0%30,48525.9%12,30425.2%4,46928.1%4,03616.5%3,79932.0%Total EV86,36247.2%64,02834.9%28,09925.8%10,25610.8%9,42335.5%8,42037.4%AustriaOthers96,52452.8%99,181-2.7%28,097-12.9%9,584-16.5%9,367-13.7%9,146-7.9%BEV92,79732.2%49,40387.8%29,64767.5%11,16074.2%10,03

92、165.4%8,45661.8%PHEV38,02513.2%26,29944.6%11,33549.9%3,66215.4%3,46446.7%4,209107.5%Hybrid 68,55123.8%56,88920.5%22,14827.5%7,89022.5%6,85224.7%7,40636.3%Total EV199,37369.2%132,59150.4%63,13048.1%22,71241.7%20,34746.1%20,07158.2%NetherlandsOthers88,79030.8%92,095-3.6%23,071-18.6%7,143-25.4%7,385-22

93、.5%8,543-7.6%BEV79,67483.4%79,931-0.3%24,398-5.3%9,000-20.9%9,2500.0%6,14820.0%PHEV6,6437.0%10,324-35.7%1,954-50.7%617-63.0%724-48.3%613-31.1%Hybrid 5,6846.0%5,6700.2%1,560-35.6%442-45.6%675-29.3%443-32.4%Total EV92,00196.3%95,925-4.1%27,912-13.1%10,059-27.5%10,649-8.2%7,2048.0%NorwayOthers3,4983.7%

94、6,836-48.8%1,038-51.0%283-63.8%434-42.9%321-44.6%BEV81,78537.7%58,95038.7%28,91255.5%12,55259.5%9,83265.9%6,52836.2%PHEV43,05119.9%47,486-9.3%13,82212.2%5,35122.0%4,57524.7%3,896-8.5%Hybrid 20,4329.4%21,065-3.0%6,146-12.7%2,335-10.5%2,271-18.8%1,540-5.9%Total EV145,26867.0%127,50113.9%48,88028.8%20,

95、23836.1%16,67834.6%11,96411.9%SwedenOthers71,48733.0%86,325-17.2%22,664-10.7%8,6555.8%7,900-13.2%6,109-24.6%BEV36,23519.8%26,51336.7%13,07153.4%5,13321.9%4,28987.0%3,64981.1%PHEV16,2118.9%13,64318.8%5,57832.1%2,08631.6%1,71537.2%1,77728.1%Hybrid 49,79127.2%39,97424.6%15,83927.0%5,78717.7%5,16527.4%4

96、,88739.6%Total EV102,23755.9%80,13027.6%34,48836.8%13,00621.4%11,16947.0%10,31349.4%SwitzerlandOthers80,66944.1%82,457-2.2%24,666-11.2%8,572-16.2%7,808-11.1%8,286-5.3%BEV1,243,46016.1%888,14040.0%452,61144.9%158,7387.1%169,01899.8%124,85556.9%PHEV554,2037.2%567,571-2.4%184,1463.4%73,2521.1%49,319-1.

97、9%61,57511.1%Hybrid 2,082,78226.9%1,608,98829.4%679,08729.8%288,49430.1%171,92128.4%218,67230.4%Total EV3,880,44550.2%3,064,69926.6%1,315,84429.8%520,48417.7%390,25845.2%405,10233.8%WE 5+5Others3,851,89049.8%3,567,1988.0%1,169,5324.1%448,4793.8%319,2814.6%401,7724.2%Source:PwC Autofacts Analysis,KBA

98、,SMMT,PFA,ANFIA,ANFAC,SCB,OFV,RAI,auto-schweiz,Statistik Austria,CAAM,CPCA,JADA,ODMD,MoRTH,ABVE,FCAI,GAIKINDO,PZPMStrategy&LegendMoY=Month-on-Year QoY=Quarter-on-Year YoY=Year-on-YearYTD=Year-to-Date23Electric vehiclesales dataAustralia,Brazil,China,India,Indonesia,Japan8.Electric vehicle sales data

99、YTD 2023MarketShareYTD 2022YoY YTDQ3 23QoYQ3 23Sep 23MoYSep 23Aug23MoYAug 23Jul23MoYJul 23BEV65,7437.3%21,772202.0%22,65187.3%8,82121.7%6,98464.9%6,8461022.3%PHEV6,7430.7%4,58447.1%3,21195.4%1,264140.8%1,113106.1%83444.3%Hybrid69,7297.8%59,31917.5%31,41872.1%10,138119.6%11,58468.8%9,69643.0%Total EV

100、142,21515.8%85,67566.0%57,28079.0%20,22363.2%19,68169.1%17,376118.1%AustraliaOthers757,07184.2%725,4554.4%260,2477.9%90,47911.5%90,2858.0%79,4833.9%BEV7,7200.5%6,19724.6%3,94340.8%1,82629.4%1,16723.0%950115.9%PHEV*20,0351.3%7,233177.0%8,560145.8%2,22613.9%3,707376.5%2,627250.3%Hybrid*29,7571.9%20,77

101、343.2%12,77070.4%4,40845.7%4,47777.5%3,88599.6%Total EV57,5123.7%34,20368.1%25,27383.5%8,46032.4%9,351120.1%7,462137.9%BrazilOthers1,477,32596.3%1,363,3518.4%574,8818.3%179,0042.6%187,617-1.3%208,26025.4%BEV4,484,00021.3%3,571,00025.6%1,765,00016.3%627,00016.5%597,00014.4%541,00018.4%PHEV1,790,4008.

102、5%984,55981.8%765,40071.0%277,00064.5%249,00072.8%239,40077.2%Hybrid598,0902.8%626,493-4.5%237,322-2.0%91,48114.4%81,8412.1%64,000-21.9%Total EV6,872,49032.6%5,182,05232.6%2,767,72225.4%995,48126.6%927,84124.3%844,40025.3%China*Others14,193,51067.4%14,277,948-0.6%5,059,278-2.8%1,862,5192.1%1,654,159

103、1.1%1,542,600-11.6%BEV61,0111.5%26,889126.9%21,755107.9%6,53482.1%7,251112.0%7,970130.7%PHEV*2250.0%121775.0%1190.0%320.0%350.0%520.0%Hybrid255,7826.5%113,387125.6%75,49150.1%26,55336.1%25,69137.7%23,24791.5%Total EV317,0188.0%140,288126.0%97,36560.2%33,11943.4%32,97749.4%31,269100.5%IndiaOthers3,63

104、8,50092.0%3,468,3104.9%1,224,5326.8%408,18910.4%415,2036.2%401,1404.0%BEV10,1771.8%3,801167.7%4,32430.8%1,919-10.9%1,33130.4%1,074719.8%PHEV600.0%10500.0%410.0%70.0%210.0%130.0%Hybrid34,7556.0%1,8231806.5%17,4682860.7%4,8942574.3%6,9403012.1%5,6342962.0%Total EV44,9927.8%5,634698.6%21,833460.4%6,820

105、191.8%8,292566.6%6,7212033.7%IndonesiaOthers533,32692.2%565,861-5.7%172,381-18.8%54,916-26.5%60,826-16.4%56,639-12.6%BEV33,4751.7%22,23450.6%10,61841.9%4,81846.9%3,12153.4%2,67923.5%PHEV39,6972.0%30,49730.2%14,53424.9%5,67022.6%3,95738.2%4,90718.3%Hybrid1,086,48954.0%792,80037.0%348,26729.1%128,8262

106、3.1%96,51926.1%122,92238.7%Total EV1,159,66157.7%845,53137.2%373,41929.2%139,31423.7%103,59727.2%130,50837.5%JapanOthers851,83742.3%817,8744.2%269,3522.2%98,502-0.5%79,7029.4%91,148-0.7%Source:PwC Autofacts Analysis,KBA,SMMT,PFA,ANFIA,ANFAC,SCB,OFV,RAI,auto-schweiz,Statistik Austria,CAAM,CPCA,JADA,O

107、DMD,MoRTH,ABVE,FCAI,GAIKINDO,PZPM*BEV and PHEV sales based on CAAM data;hybrid sales based on CPCA wholesale data;*Partially estimatedStrategy&LegendMoY=Month-on-Year QoY=Quarter-on-Year YoY=Year-on-YearYTD=Year-to-Date24Electric vehiclesales dataPoland,South Korea,Turkey,USA,Analyzed Markets8.Elect

108、ric vehicle sales dataYTD 2023MarketShareYTD 2022YoY YTDQ3 23QoYQ3 23Sep 23MoYSep 23Aug23MoYAug 23Jul23MoYJul 23BEV12,2003.5%7,91154.2%3,70018.9%1,300-8.1%1,30045.7%1,10036.6%PHEV9,4002.7%7,29528.9%2,70035.3%9001.0%8002.2%1,000211.5%Hybrid 132,30037.8%103,38128.0%45,50045.5%16,60041.3%15,40050.5%13,

109、50045.2%Total EV153,90043.9%118,58729.8%51,90042.6%18,80033.8%17,50046.9%15,60049.7%PolandOthers196,41556.1%198,093-0.8%59,743-12.0%20,278-6.8%18,677-14.5%20,788-14.4%BEV114,4028.8%115,403-0.9%35,900-27.7%13,499-34.1%9,553-33.8%12,848-12.6%PHEV8,5760.7%9,909-13.5%2,8454.5%95513.6%900-8.1%9909.8%Hybr

110、id 260,54720.1%189,14337.8%84,61842.1%27,93045.7%28,73552.6%27,95329.7%Total EV383,52529.6%314,45522.0%123,36310.2%42,3844.6%39,18814.4%41,79112.5%South KoreaOthers910,65070.4%908,3210.3%277,102-8.6%91,325-8.4%91,479-6.1%94,298-11.1%BEV33,5485.0%4,056727.1%23,5671214.4%10,4391250.5%8,174988.4%4,9541

111、741.6%PHEV1,7560.3%537227.0%766215.2%17569.9%21282.8%3791479.2%Hybrid 68,30710.3%40,35269.3%25,657132.0%9,408119.9%7,22888.1%9,021206.7%Total EV103,61115.6%44,945130.5%49,990281.7%20,022288.5%15,614231.6%14,354343.8%TurkeyOthers562,27984.4%354,27958.7%185,52872.0%58,94949.1%53,51775.3%73,06293.3%BEV

112、837,2907.2%510,22564.1%302,64761.6%104,01564.5%99,37372.3%99,25949.5%PHEV202,7231.7%135,15150.0%80,28497.9%28,01493.9%28,430115.4%23,84084.5%Hybrid 846,5627.3%610,87438.6%320,81667.5%109,73474.4%107,32564.5%103,75763.7%Total EV1,886,57516.2%1,256,24950.2%703,74767.8%241,76371.9%235,12872.7%226,85659

113、.0%USAOthers9,727,83183.8%8,862,2509.8%3,249,85910.2%1,090,18912.2%1,087,6139.6%1,072,0578.7%BEV6,903,02613.4%5,177,62833.3%2,646,71625.6%938,90918.9%904,27230.7%803,53528.5%PHEV2,633,8185.1%1,747,35850.7%1,062,60654.4%389,49547.4%337,49458.0%335,61759.7%Hybrid 5,465,10010.6%4,167,33331.1%1,878,4143

114、3.7%718,46635.1%557,66133.7%602,28732.0%Total EV 15,001,94429.0%11,092,31835.2%5,587,73633.0%2,046,87029.1%1,799,42736.0%1,741,43934.8%Analyzed MarketsOthers36,700,63471.0%35,108,9404.5%12,502,4352.9%4,402,8295.1%4,058,3594.2%4,041,247-0.7%Source:PwC Autofacts Analysis,KBA,SMMT,PFA,ANFIA,ANFAC,SCB,O

115、FV,RAI,auto-schweiz,Statistik Austria,CAAM,CPCA,JADA,ODMD,MoRTH,ABVE,FCAI,GAIKINDO,PZPMStrategy&Jrn NeuhausenDirector,Strategy&GermanyPhone:+49 172 Annabelle KliesingSenior Manager Communications and Thought Leadership,Strategy&GermanyPhone:+49 171 259.ContactsAuthors and PR contactSteven van Arsdal

116、eManager,PwC Autofacts,PwC GermanyPhone:+49 151 Felix KuhnertPartner,Automotive Industry Leader,PwC GermanyPhone:+49 160 Strategy&269.ContactsAutomotive contactsHarald WimmerGlobal Automotive Leader PwC Germany Phone:+49 170 Jun JinAutomotive Leader China PwC China Phone:+86 10 6533 Akshay SinghAuto

117、motive Advisory PartnerStrategy&USA Phone:+1 440 382 Jose Baghdad Automotive Leader France&Maghreb PwC France&MaghrebPhone:+33 6 Jrg KringsAutomotive Leader Strategy&Strategy&Germany Phone:+49 170 Eiichi Yamanaka Automotive Leader JapanPwC JapanPhone:+81 90 6513 Brian Decker Automotive Leader USA Pw

118、C USA Phone:+1 313 510 Manuel Diaz Delgado Automotive Leader Spain PwC Spain Phone:+34 Marcus Hoffmann Automotive Practice Co-Lead Strategy&Germany Phone:+49 151 Yongwook JunAutomotive Leader South KoreaPwC South KoreaPhone:+82 2 709 7982yong-Cara HaffeyAutomotive Leader UK PwC UK Phone:+44 7809 Fra

119、ncesco PapiAutomotive Leader Italy Strategy&Italy Phone:+39 334 620 2023 PwC.All rights reserved.PwC refers to the PwC network and/or one or more of its member firms,each of which is a separate legal entity.Please see for further details.Mentions of Strategy&refer to the global team of practical str

120、ategists that is integrated within the PwC network of firms.For more about Strategy&,see .No reproduction is permitted in whole or part without written permission of PwC.Disclaimer:This content is for general information purposes only,and should not be used as a substitute for consultation with professional advisors.Thank you