According to a match for market research companies, from this, battery electric vehicles (BEV) accounted for 73 percent and plug-in hybrid electric vehicles (PHEV) for the rest.
“With EV consisting of only 12 percent of the total shipping of passenger vehicles during the first quarter of 2022, there is a lot of room for expansion. Fresh players enter the market to benefit from opportunities,” said Senior Research Analyst Soumen Mandal, said in a statement.
“To fight newcomers, existing players use the leading technology to increase batteries, superior IVI systems, and higher levels of fennel in their EV model as the main sales point,” Mandal added.Tesla is currently the Global EV market leader. The company’s shipment grew 68 percent yoy in the first quarter and was expected to pass 1.3 million units at the end of 2022.
Byd Auto appeared as China’s Top EV Top seller during the first quarter. EV delivery increased by 433 percent yoy to reach more than 0.28 million units.China remains the market leader in shipping EV, followed by Europe and the US. China’s EV delivery increased 126 percent yoy in the first quarter of 2022 to reach more than 1.14 million units from only 0.5 million units in the first quarter of 2021.
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