Global motor vehicle sales by region 2022
China leads the way in the electrification of the market
The Asia-Oceania and the Middle East market was dominated by automobile sales. Passenger car sales contributed to 84.14 percent of the sales in the region in 2022, and were also the leading motor vehicle segment worldwide in that same year.China, the main market in the region, led the way in the electric mobility sector. In 2022, it is estimated that over 14.1 million plug-in electric vehicles were in use in the country, with sales of this type of vehicles reaching an all-time high in that same year. The electric vehicle market worldwide is tipped to reach revenues over 770.03 billion U.S. dollars by 2028.