{"id":37216,"date":"2024-08-06T05:10:00","date_gmt":"2024-08-06T10:10:00","guid":{"rendered":"https:\/\/latamobility.com\/?p=37216"},"modified":"2024-08-05T16:12:07","modified_gmt":"2024-08-05T21:12:07","slug":"how-is-the-electric-vehicle-market-on-a-global-scale","status":"publish","type":"post","link":"https:\/\/latamobility.com\/en\/how-is-the-electric-vehicle-market-on-a-global-scale\/","title":{"rendered":"How is the Electric Vehicle Market on a Global Scale?"},"content":{"rendered":"\n<p><strong>The Solar and Hydrogen Research Center (ZSW)<\/strong> released <strong><a href=\"https:\/\/www.zsw-bw.de\/en\/newsroom\/news\/news-detail\/news\/detail\/News\/weltweit-steigt-die-zahl-der-elektro-pkw-auf-knapp-42-millionen.html\">a report<\/a><\/strong> detailing that the global stock reached approximately 42 million electric vehicles by the end of 2023, which is 50% more than the previous year.<\/p>\n\n\n\n<p>This counter included not only 100% electric vehicles (BEVs), but also plug-in hybrids (PHEVs) and those with a range extender, often a small internally fueled machine.<\/p>\n\n\n\n<p><strong>China holds the undisputed lead with 23.4 million vehicles,<\/strong> representing more than 50% of the global stock. In 2023, the stock in China showed significantly stronger growth than in Germany, the United States and most major markets.<\/p>\n\n\n\n<p><strong>You may also read:<\/strong> <a href=\"https:\/\/latamobility.com\/en\/geotabs-artificial-intelligence-co-pilot-breaks-innovation-patterns-in-latin-america\/\"><strong>Geotab\u2019s Artificial Intelligence Co-Pilot Breaks Innovation Patterns in Latin America<\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"566\" src=\"https:\/\/latamobility.com\/wp-content\/uploads\/2024\/08\/Reporte.jpg\" alt=\"\" class=\"wp-image-37310\" srcset=\"https:\/\/latamobility.com\/wp-content\/uploads\/2024\/08\/Reporte.jpg 800w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/08\/Reporte-300x212.jpg 300w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/08\/Reporte-768x543.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-rest-of-the-map\"><strong>The Rest of the Map<\/strong><\/h2>\n\n\n\n<p><strong>The United States is in second place with 4.8 million vehicles.<\/strong> Germany ranks third with 2.3 million, followed by France and the United Kingdom with 1.6 and 1.5 million, respectively.<\/p>\n\n\n\n<p>According to the report, <strong>in the specific case of Germany<\/strong>, it needs new impulses for electric mobility. To achieve the German targets for electric mobility, the market needs new impulses.<\/p>\n\n\n\n<p>Andreas Puettner, representative of ZSW, explained that the German government&#8217;s growth initiative for strengthening the promotion of BEVs may be just the first step.<\/p>\n\n\n\n<p>The leading manufacturers of BEVs and PHEVs in 2023 were the Chinese brand BYD with approximately 3 million new registrations, Tesla with 1.8 million and VW with 1 million.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"572\" src=\"https:\/\/latamobility.com\/wp-content\/uploads\/2024\/08\/Vehiculos-electricos-1024x572.jpg\" alt=\"\" class=\"wp-image-37218\" srcset=\"https:\/\/latamobility.com\/wp-content\/uploads\/2024\/08\/Vehiculos-electricos-1024x572.jpg 1024w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/08\/Vehiculos-electricos-300x168.jpg 300w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/08\/Vehiculos-electricos-768x429.jpg 768w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/08\/Vehiculos-electricos.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Meanwhile, <strong>BMW managed to rank sixth with around 570,000 vehicles<\/strong>, and Mercedes in tenth place with around 400,000.<\/p>\n\n\n\n<p>The ranking among the first three positions should look similar in terms of the manufacturers&#8217; cumulative registrations. However, actual stock figures may differ because cars break down or are withdrawn for other reasons. <strong>The ZSW did not provide specific stock numbers by brand.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Solar and Hydrogen Research Center (ZSW) released a report detailing that the global stock reached approximately 42 million electric vehicles by the end of 2023, which is 50% more than the previous year. This counter included not only 100% electric vehicles (BEVs), but also plug-in hybrids (PHEVs) and those with a range extender, often&#8230;<\/p>\n","protected":false},"author":10,"featured_media":37222,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[2054],"tags":[1564,1281,1489],"class_list":["post-37216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electric-mobility","tag-electric-cars","tag-electric-mobility","tag-sustainability"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.7 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How is the Electric Vehicle Market on a Global Scale? 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