Electric vehicles market monitor for light-duty vehicles: China, Europe, United States, and India, 2023 – International Council on Clean Transportation
Electric vehicles market monitor for light-duty vehicles: China, Europe, United States, and India, 2023 International Council on Clean Transportation
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Global Electric Vehicle Sales in 2023
In 2023, global electric vehicle (EV) sales reached over 13 million units, accounting for more than 15% of new light-duty vehicles (LDVs) sold worldwide. The Sustainable Development Goals (SDGs) emphasize the need for sustainable transportation, and the increasing adoption of EVs aligns with these goals.
Regional Breakdown
China, Europe, the United States, and India collectively represent around 88% of EVs sold globally. China remained the largest EV market with over 7 million units sold, representing 33% of its new LDV sales share. Europe remained stagnant at 21% of sales share, while the United States saw significant growth, surpassing 1 million units sold for the first time and reaching 1.4 million at year’s end. India also doubled its sales to 100 thousand EVs, reaching 2% of its new LDV sales in 2023.
Sustainable Development Goals
- Goal 7: Affordable and Clean Energy
- Goal 9: Industry, Innovation, and Infrastructure
- Goal 11: Sustainable Cities and Communities
Figure 1: Light-duty EV Sales Share in Four Markets
Note: We set a minimum threshold of 10 unit sales when counting EV models to exclude models unavailable on the mass market. Particularly for China data, this effectively minimizes data-entry errors in the raw vehicle registration database.
Battery Electric Vehicles (BEVs) Dominating Sales
Battery electric vehicles (BEVs) dominated sales across all markets in 2023, though market share varied. China saw a decrease in the BEV share from 78% to 69%, accompanied by more plug-in hybrid offerings. In contrast, Europe saw an increase from 60% to 68%. BEVs remained dominant with no change in the BEV sales share in the United States (80%) and India (99%).
Figure 4: Market Share by Vehicle Segment in Each Market
SDGs, Targets, and Indicators
-
SDG 7: Affordable and Clean Energy
- Target 7.3: By 2030, double the global rate of improvement in energy efficiency
- Indicator: Increase in the sales of electric vehicles as a clean energy alternative to traditional vehicles
-
SDG 9: Industry, Innovation, and Infrastructure
- Target 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes
- Indicator: Increase in the number of electric vehicle models available in the market
-
SDG 11: Sustainable Cities and Communities
- Target 11.6: By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management
- Indicator: Increase in the market share of electric vehicles in urban areas to reduce air pollution
-
SDG 13: Climate Action
- Target 13.2: Integrate climate change measures into national policies, strategies, and planning
- Indicator: Increase in the adoption of electric vehicles as a measure to reduce greenhouse gas emissions
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 7: Affordable and Clean Energy | Target 7.3: By 2030, double the global rate of improvement in energy efficiency | Increase in the sales of electric vehicles as a clean energy alternative to traditional vehicles |
| SDG 9: Industry, Innovation, and Infrastructure | Target 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes | Increase in the number of electric vehicle models available in the market |
| SDG 11: Sustainable Cities and Communities | Target 11.6: By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management | Increase in the market share of electric vehicles in urban areas to reduce air pollution |
| SDG 13: Climate Action | Target 13.2: Integrate climate change measures into national policies, strategies, and planning | Increase in the adoption of electric vehicles as a measure to reduce greenhouse gas emissions |
The article discusses the global sales of electric vehicles (EVs) and their market share in different regions. Based on this information, several SDGs, targets, and indicators can be identified:
1. SDG 7: Affordable and Clean Energy
This SDG is addressed as the article highlights the increasing sales of electric vehicles as a clean energy alternative to traditional vehicles. The adoption of EVs contributes to the goal of achieving affordable and clean energy.
2. SDG 9: Industry, Innovation, and Infrastructure
This SDG is connected as the article mentions the number of electric vehicle models available in the market. Increasing the availability of EV models demonstrates progress towards upgrading infrastructure and adopting clean technologies.
3. SDG 11: Sustainable Cities and Communities
This SDG is relevant as the article discusses the market share of electric vehicles in urban areas. Increasing the market share of EVs in cities can help reduce air pollution and contribute to sustainable communities.
4. SDG 13: Climate Action
This SDG is addressed as the article emphasizes the role of electric vehicles in reducing greenhouse gas emissions. The adoption of EVs aligns with the goal of integrating climate change measures into national policies and strategies.
Copyright: Dive into this article, curated with care by SDG Investors Inc. Our advanced AI technology searches through vast amounts of data to spotlight how we are all moving forward with the Sustainable Development Goals. While we own the rights to this content, we invite you to share it to help spread knowledge and spark action on the SDGs.
Fuente: theicct.org
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