With plugin registrations jumping a significant 35% in 2023 compared to 2022, the year ended with the plugin market above the 13 million mark for the first time. In fact, it almost reached 14 million. Approximately 13.7 million units were registered in 2023.
| Million vehicles | 2022 | 2023 | Change |
|---|---|---|---|
| PHEV | 3 | 4 | 47% |
| BEV | 7 | 9 | 30% |
| PEV | 10 | 14 | 35% |
| Light vehicles | 76 | 86 | 13% |
| Market share | 2022 | 2023 |
|---|---|---|
| PHEV | 4% | 5% |
| BEV | 10% | 11% |
| PEV | 14% | 16% |
Sources
CleanTechnica article: Electric Vehicle Sales Growing Fast!
CleanTechnica article: World EV Sales Report — Tesla Model Y is the Best Selling Model in the World!