The global automotive industry experienced a 22% drop in company filings mentions of electric vehicles in Q2 2023 compared with the previous quarter, with the highest share accounted for by Tata Motors with 65% year-on-year increase, according to GlobalData’s analysis of over 303 automotive company filings. A comprehensive market sizing analysis up to 2030, segmentation by propulsion type and end-user type, and a comparative analysis of the market share of electric vehicles against internal combustion vehicles in different countries is included in GlobalData’s Electric Vehicles Market Analysis by Region, Propulsion Type and Forecast to 2030 report. Buy the report here.
Notably, electric vehicles was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of online payments and digital payments, according to GlobalData.
Of the top leading companies in the automotive industry, Tata Motors had the greatest increase in references for electric vehicles in Q2 2023, compared with the previous quarter. GlobalData identified 157 electric vehicles-related sentences in the company's filings - 1% of all sentences - and an increase of 65% in Q2 2023 compared with Q2 2022. Li Auto’s mentions of electric vehicles rose by 11% to 79 and Geely Automobile’s by 22% to 54 and LKQ’s by 300% to 48 and Ford Motor’s by 144% to 39.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for electric vehicles in Q2 2023 was 94.
For further understanding of GlobalData's Electric Vehicles Market Analysis by Region, Propulsion Type and Forecast to 2030 buy the report here.