Mercedes-Benz reports strong electric vehicle sales growth in Q1 2023.
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Mercedes-Benz reports strong electric vehicle sales growth in Q1 2023.

Battery electric vehicle sales of Mercedes-Benz saw a significant boost of 89% in Q1 2023.

Mercedes-Benz Cars has announced that it achieved strong sales figures in Q1 2023 despite ongoing supply-chain disruptions, economic headwinds, and geopolitical uncertainty. According to the company’s recent press release, Mercedes-Benz sold 503,500 units in the first quarter, which represents a 3% increase compared to the same period in the previous year.

The company’s top-end and battery electric vehicle (BEV) sales saw a significant boost, with an 18% increase in top-end sales and an 89% increase in BEV sales. Mercedes-Benz Passenger Cars (excluding smart) BEV sales more than doubled in the first three months, a remarkable 119% increase.

Moreover, Entry segment electric vehicles, including the EQB and EQA models, were highly popular, with a 189% and 64% increase in sales, respectively. The EQS SUV also recorded impressive sales figures, with 5,500 units sold.

Mercedes-Benz’s battery electric vehicle sales experienced significant growth in the United States, with a 327% increase, and a 41% increase in Europe. This growth is likely to continue with the upcoming launch of the EQE SUV in Europe and China in the second quarter.

The strong sales figures for electric vehicles in Q1 2023 are a significant milestone for Mercedes-Benz, with battery electric vehicles accounting for 10% of overall sales in the first quarter, up from 6% in the year-earlier period. Including hybrids, almost every fifth vehicle sold in the first quarter was electric.

The fully electric EQE Sedan attracted 9,400 new customers in Q1 2023. The all-electric versions EQB (+189%) as well as the EQA, which sold 10,800 units (+64%).

In Europe, sales of Mercedes-Benz Cars increased significantly in Q1 to 163,900 units (+8%) thanks to strong demand for Top-End vehicles (+46%). Battery electric vehicles rose by 41% and accounted for 17% of total Mercedes-Benz Cars sales in Europe in the first three months. BEV sales in Germany grew 29% supported by EQA (+104%) and EQB (+99%). In Belgium, sales increased 17%, lifted by strong demand for battery electric vehicles (+186%).

In Asia, sales reached 247,700 units (+3%) with China slightly above the prior-year level (+3%). BEV sales in China rose by 109% driven by EQA, EQB, and EQE. The new EQS SUV and the locally produced EQE SUV will launch in China in the second quarter. In Korea and Japan, sales of battery electric vehicles grew by 288% and 379% following further market launches.

Sales in North America stayed at the prior-year level (+1%). In the U.S. market, BEV sales (+327%) more than quadrupled in the first three months. Battery electric vehicles now account for 14% of Mercedes-Benz Cars sales following the market introduction of the EQB, EQE, EQE SUV, and EQS SUV.

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