Customer Logins

Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.

Customer Logins

Automotive growth pockets in a constrained world

18 July 2022 Demian Flowers

Global sales of new light vehicles have declined 12% during 2022 up to and including June, to 35.3 million units. Though semiconductor shortages continue to constrain overall market volumes, there are nonetheless pockets of very robust growth; notably low emissions vehicles, and the GreaterChina market.

The lower the emissions, the higher the growth

Global light vehicle unit sales growth YTD

Source: Demand by S&P Global Mobility

In broad category terms, lower emissions types are growing faster. The market for purely internal-combustion-engine vehicles has shrunk by 18% this year and is being substantially outgrown by both plug-in hybrids (up 26%) and pure battery electric vehicles (up 72%). Around one in 12 vehicles sold globally (3.0 million units), this year have been battery electric.

More than half of the world's BEVs are now sold in China

Global light vehicle unit sales growth YTD

Source: Demand by S&P Global Mobility

China's BEV market is expanding at a remarkable pace. Greater China BEV sales grew 94% in the year to June to 1.70 million units. While China consumes 28% of the world's new vehicle demand, the relative size of its BEV market is greater still: Well over half (56%) of BEVs sold globally in 2022 were in Greater China.

S&P Global Mobility's new solution, Demand, compiles data from over 150 sources and is the fastest global by-month light vehicle sales and registration resource. Try Demand free at https://ihsmarkit.com/products/demand.html

Posted 18 July 2022 by Demian Flowers, Automotive Financial Analyst, S&P Global Mobility


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.

Explore

RELATED INDUSTRIES & TOPICS

Follow Us

{"items" : [ {"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fautomotive-growth-pockets-in-a-constrained-world.html","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fautomotive-growth-pockets-in-a-constrained-world.html&text=Automotive+growth+pockets+in+a+constrained+world+%7c+IHS+Markit+","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fautomotive-growth-pockets-in-a-constrained-world.html","enabled":true},{"name":"email","url":"?subject=Automotive growth pockets in a constrained world | IHS Markit &body=http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fautomotive-growth-pockets-in-a-constrained-world.html","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=Automotive+growth+pockets+in+a+constrained+world+%7c+IHS+Markit+ http%3a%2f%2fihsmarkit.com%2fresearch-analysis%2fautomotive-growth-pockets-in-a-constrained-world.html","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"} ]}
Filter Sort