Sales of PEV (BEV/PHEV) passenger cars (including SUVs, etc.) in 45 countries worldwide grew by 34.6% year-on-year to 12.44 million units in 2023.

Although growth slowed from 2021 (+2.1 times) and 2022 (+52.2%), the market size exceeded 12 million units for the first time, maintaining an expansion trend. In passenger car (including internal combustion engine vehicles) sales, the ratio of passenger cars to the Chinese PEV market, which accounts for more than 50% of the global total, has increased by 7.7 percentage points to 33.2%, in particular to more than 30%, making it clear that China is leading the world as a whole.

Outside of China, the ratio of passenger cars in Western Europe is high at 25.2%, while the USA (9.1%), South Korea (8.1%) and Japan (3.5%) are below 10%, indicating that the scale of sales is uneven.

The development of EV charging infrastructure networks, which are essential for the spread of electric vehicles, is progressing rapidly: in 2023, the number of EV charging infrastructure units worldwide increased by 44.4% year-on-year to 3.9 million, and per 10,000 people to 4.9 units (2022: 3.4 units) In the 27 EU countries, the number of EVs increased by 38.0% year-on-year to 592,000.

It has been pointed out that the pace of charging network expansion has not kept pace with the expansion of the PEV market, but in recent years the pace of expansion of public charging infrastructure has been greater than the growth in PEV sales (2023: +17.7% y/y). However, there is still a large gap in infrastructure development between countries, which has traditionally been an issue, with the top three countries (the Netherlands, France and Germany) accounting for 60% of the public charging infrastructure in the EU.