Car market shrank in 2022, but SUV and EV market did not
In 2022, a total of slightly fewer cars were sold worldwide than in 2021, but sales of SUVs and electric cars did increase. In addition, 51 percent of EVs sold were SUVs, compared to 37 percent in 2020. This is according to figures from the International Energy Agency.
In 2022, about 75 million new cars were sold worldwide, which is about half a percent less than in 2021. The number of registrations was particularly disappointing in Europe and the United States, while sales did increase in China, for example. If you look purely at electric cars, then there are black figures. And a decent one too: in 2022, 60 percent more electric cars were sold than in 2021. In total, there were more than 10 million. Electrification is going the fastest in China, because there in 2022 a quarter of the new cars will be electric. In Europe it is one fifth, in the United States one tenth.
The global market for SUVs also grew, by about 3 percent. Please note: these are ‘real’ SUVs and crossovers added together. In total, 46 percent of the new cars were SUVs and 16 percent of those were fully electric. According to the figures collected by the International Energy Agency (IEA), more than half of new EVs were SUVs: 51 percent. These cars come from a range of more than 400 fully electric models worldwide, 55 percent of which are SUVs. In 2020, 37 percent of EV sales were still SUVs.
In that year, the share of SUVs in the total EV range was also much smaller: 40 percent. From 40 to 55 percent in two years; quite a significant increase. Whether that will continue, however, remains to be seen. As demand for EVs in the world’s largest car markets is rapidly increasing, so is the demand for more affordable models. They benefit from a smaller and cheaper battery and therefore lower air resistance, where SUVs often score poorly.
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– Thanks for information from Autoweek.nl