by Andreas Exarheas
Rigzone Staff
‘The sands are shifting for the global EV market’.
The global electric vehicle market is reeling from one of the most dramatic collapses in monthly sales to date, Rystad Energy noted in a statement sent to Rigzone this week. According to the company’s research, 672,000 units were sold in January 2023, which Rystad highlighted was almost half of December 2022 sales and a three percent year on year increase over January 2022. The company also revealed that electric vehicle market share among all passenger car sales dropped to 14 percent in January 2023 from 23 percent in December 2022. A graph included in Rystad’s statement stretching back to January 2021 showed that electric vehicle sales and market share peaked in December last year.