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Customer LoginsTop 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.
The S&P Global Mobility Client Briefing is underway! #SPGlobalMobility https://t.co/Sdypw1SRz4
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