Maintaining Strategy to Deliver Volumetric Growth
Global EV Demand Outlook Regains Strong Growth Momentum
Cumulative EV Sales (millions)
20
20
15
10
'20-'23 Global EV Sales: Cumulative YTD1
2023 LEV
Production²
14.9M
10.5M
6.4M
2.9M
Jan
Mar
2020
May
-2021
Jul
Sep
-2022
Nov
2023
Monthly EV Sales (millions)
115
1.5
1.0
0.5
Global EV Sales: Monthly Actuals¹
0.0
Jan
Mar
2020
May
2021
Jul
Sep
Nov
2022
2023
Global EV sales remain on track for +40% Y/Y growth,
with seasonal acceleration in 2H
Monthly EV sales have rebounded in both China and
Europe; preliminary June EV sales >+30% M/M
1 MarkLines data as of 7/23/2023, June data is incomplete with some countries yet to report sales
2 S&P Global Mobility, Global Production based Alternative Propulsion Forecast, July 2023; LEV = low-emission vehicle, which includes PHEVS and BEVS
AALBEMARLE
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