Overall Sales and Electric Vehicle Growth
Mercedes-Benz Cars announced a total of 503,500 global car sales in the first quarter of 2023, marking a three percent increase compared to the same period last year. Although the overall sales figures show a modest improvement, the all-electric vehicle (EV) sales are experiencing significant growth.
In Q1 2023, Mercedes-Benz Cars recorded around 51,600 battery-electric vehicle (BEV) sales, an impressive 88% increase year-over-year from approximately 27,400 in Q1 2022.
This surge in sales means that electric cars now account for more than 10% of the total volume, a noticeable leap from just about six percent a year earlier.
Industry Trends and Competitors
While the German automaker has not released specific data on plug-in hybrid vehicle sales, it appears that the industry’s primary focus, including that of Mercedes-Benz Cars, is now on BEVs. This trend is evident among other major competitors, such as BMW.
Mercedes-Benz Cars Global Plug-in Vehicle Sales in Q1 2023
- BEVs: 51,600 (up 88%) and 10% share
- PHEVs: N/A
EQ Family Expansion and Model Data
Excluding the Smart brand, Mercedes-Benz Passenger Cars’ BEV sales more than doubled, with a 119% increase year-over-year, though the company did not provide an exact figure. The EQ family of models is rapidly expanding, with available data for the following models:
- EQA: 10,800 (up 189%)
- EQB: 11,200 (up 64%)
- EQE Sedan: 9,400 (new)
- EQS SUV: 5,500 (new)
- other BEVs: 14,700
The Comprehensive EQ Lineup
The comprehensive EQ lineup currently features eight models: EQA, EQB, EQC, EQE Sedan, EQE SUV, EQS, EQS SUV, and EQV. Additionally, the all-electric Mercedes-Benz EQG, known for its stair-climbing capabilities, is under development.
Previous Year Sales and Future Outlook
For context, Mercedes-Benz sold approximately 117,800 all-electric cars (excluding Smart) in 2022. This year, the automaker is expected to achieve significantly higher results as the growth rate in electric vehicle sales remains robust, particularly in the United States.