Global EV Market Update - Q2 2022
Last Updated: Apr 25, 2025 | Study Period:
Global Electric Vehicle Market Quarterly Update
- In China, the EVs share increased sharply as ~28% of the new passenger vehicles sold in Q2-2022 were EVs. In H1-2022, total number of EVs sold crossed 3M and the number is expected to breach 6M units in 2022. Chinaâs vehicle exports also increased 65% from a year ago, with electric vehicles accounting for 27% of them.
- In Europe EVs (BEVs+HEVs+PHEVs) accounted for 41% of the overall Passenger Vehicles sold in the Q2-2022 period. The share was ~37% for the year 2021.
- Battery cell prices are expected to surge by 22% from 2023 through 2026, peaking at $138 per kilowatt-hour. The price of EV battery cells has declined in recent years as production increased across the plants. Battery cells currently cost ~$128 per kWh on average, and by next year could cost around $110 per kWh.
- Vitesco will be supplying its EMR4, 4th gen Electronics Motor Reducer e-axle to Hyundaiâs B & C Segment EVs from 2024. The e-axle in a single package comprises an electric motor, power electronics and a gearbox (single-speed also called a reducer)
- The E-axle developed by BluE Nexus Corporation, AISIN Corporation, and DENSO Corporation was fitted in the Toyotaâs bZ4X model. The eAxle has a power of 150kW specification (front) for FWD vehicles and 80kW specifications (front and rear) for 4WD vehicles
- n the US, Currently, the credits/incentives are phased out after a manufacturer has sold 200,000 electric or plug-in hybrid vehicles. For the first time, in the country electric used cars are subjected to an incentive (tax waiver) of $4,000. This will boost the electric used car segment which was very naive in the US
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
- EV penetration rise/decline, top selling vehicles by region
- New product pipeline by OEMs, Key consumer and retail trends by region
- EV component sourcing trends (Battery, Traction Motor, power electronics and other key components)
- Key updates in regulatory environment, government incentives, retail and battery recycling by region
- Key updates in Charging infra (Fast charging, public charging, battery swapping and fuel cell stations) by region
Sl. No | Topic | Slide Number |
1 | EV Penetration Rise/Decline, Top Selling Vehicles By Region | 4-37 |
2 | New Product Pipeline By OEMs | 39-56 |
3 | EV Component Sourcing Trends (Battery, Traction Motor, E-Axle and other keycomponents) | 58-66 |
4 | Key Updates In Regulatory Environment, Government Incentives | 68-78 |
5 | Key updates in Charging infra (Fast charging, Public Charging, Battery Swapping And FuelCell Stations) By Region | 80-91 |