World EV sales stutter

 From CleanTechnica

 

Global plugin vehicle registrations were up 55% in May 2022 compared to May 2021. With the China covid lockdown effects easing, sales have recovered most of their previous pace, reaching 699,000 registrations last month. That represents 12% share of the overall auto market (8.6% BEV share). Considering the steep drops in the overall market, and that plugless hybrids (HEVs) were down for the second month in a row, that should be considered an amazing result. Peak HEVs may be upon us in 2022, with 2023 being the start of downhill sales for this kind of powertrain. We’ll see.

In May, BEVs (+65% YoY) grew faster than PHEVs (+37%), with the latter powertrain suffering from sales drops in Europe. Year to date, the plugin share remained stable at 11% (8.1% BEV).

My seasonal adjustment; my smoothing (13 term Henderson curve)