Percentage of EV and PHV to new vehicle sales reaches a record high in December despite the impact of select EV sales suspension

ENECHANGE Ltd. (Head Office: Chuo-ku, Tokyo; Representative Director & CEO: Yohei Kiguchi; Representative Director & COO: Ippei Arita; hereafter:“the Company”) hereby provides the following information on market trends related to the Electric Vehicle (EV) Charging Service.

Changes in EV and PHV sales

In our EV Charging Service, we consider the sales ratio of EV and Plug-in Hybrid Vehicles (PHV) that use charging facilities as a key indicator of the overall adoption of EVs, as this is linked with the need for expansion of EV charging infrastructure.
According to our estimates, the percentage of new EV and PHV sales in 2022 Q4 (October-December) was about 3.1% of total sales. Although a limited number of EV manufacturers had to temporarily suspend a selection of their EV sales due to supply chain issues, the subsequent resumption of sales resulted in a record high of 4.1% for December alone.

Sales of vehicles (unit: cars)	Oct. 2022	Nov. 2o22	Dec. 2022	2022 Q4
EV	4,313	7,075	8,457	19,845
PHV	1,932	2,184	3,159	7,275
Total	6,245	9,259	11,616	27,120
EV&PHV sales ratio	2.1%	3.0%	4.1%	3.1%

About ENECHANGE Ltd.

ENECHANGE is an energy technology company that promotes a carbon-free society through digital technology with the mission of Changing Energy For A Better World. We offer services based on data utilization in the field of the 4Ds of Energy: Deregulation, Digitalization, Decarbonization, and Decentralization. Our company’s roots come from an energy data lab at the University of Cambridge, U.K., a country where liberalization is mature. ENECHANGE has a British subsidiary as well as a global network and analytical technology for energy data.

URL: https://enechange.co.jp/en/

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