Market Surprise: Two Million New Energy Vehicles Sold in Q1
In a report published Monday (5/16), TrendForce announced that despite ongoing market challenges, global sales of new energy vehicles – a category that includes hybrid vehicles, battery electric vehicles and fuel-cell vehicles – topped 2 million units in the first quarter of 2022.
TrendForce’s Caroline Chen noted that Q1 sales grew 80 percent year over year: “Battery electric vehicles (BEV) demonstrated the strongest growth with sales reaching 1.508 million units. Plug-in hybrid electric vehicles (PHEVs) sold 493,000 units.”
