Record-Breaking Electric Vehicle Sales
Mercedes-Benz has achieved a significant milestone in electric vehicle sales for the third quarter of 2023. Despite a slight decline in overall car sales to 510,600 units—down nearly four percent compared to the previous year—the company has seen remarkable growth in its electric vehicle segment. Sales of battery electric vehicles (BEVs) surged to 61,600 units, marking a 66 percent increase from the same period last year and accounting for 12 percent of their total sales.
Growth in Plug-In Hybrid and All-Electric Vehicles
In contrast to the rise in BEV sales, plug-in hybrid vehicle (PHEV) sales experienced a 19 percent decline to 36,800 units. However, the overall market share for plug-in cars has expanded, reaching a record 19.3 percent with a total of 98,400 units sold. The U.S. market, in particular, has seen impressive growth, with BEV sales surpassing 10,000 units, highlighting its role as one of the fastest-growing regions for Mercedes-Benz.
Outlook for the Year
Looking ahead, Mercedes-Benz is on track for a record-breaking year, driven by a robust lineup of new all-electric models. With over 286,000 plug-in vehicles sold so far this year, including more than 174,000 all-electric cars, the company is solidifying its position in the electric vehicle market. The growth in BEV sales mirrors trends observed across the industry, reflecting a broader shift towards sustainable automotive solutions.