Deutsche Bank tracks March 2026 sales in the G15 new energy vehicle market

Overview

Deutsche Bank Research released a global monthly new energy vehicle chartbook themed around tracking new energy vehicle sales in the top 15 countries, with the data period being March 2026. The report is positioned as an update on the automobile manufacturing industry, with the goal of tracking sales trends in major global new energy vehicle markets.

Core views

The core message is not to present a single investment conclusion, but to establish a global G15 market sales monitoring framework. This framework covers about 90% of global new energy vehicle sales and can be used to observe changes in demand across major countries, vehicle mix, and OEM sales performance within the G15 markets.

Analysis framework

The report adopts a monthly chartbook format, using the world's top 15 new energy vehicle markets as the sample, tracking new energy vehicle sales by country, and defining the vehicle scope as EV, PHEV, and FCV. The page titles in the main text also show that the report includes dimensions such as 'NEV sales by country' and 'OEM sales across G15 countries'.

Methodology notes

• Market Data TrackingG15 New Energy Vehicle Sales Tracking

  The world's top 15 new energy vehicle markets are used to represent the major demand sample.

  The report states that these 15 countries account for about 90% of global new energy vehicle sales, making them a suitable core sample for observing changes in global new energy vehicle demand.

• Vehicle ScopeEV/PHEV/FCV Coverage Scope

  New energy vehicles include battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles.

  The report explicitly tracks new vehicle sales of EVs, PHEVs, and FCVs, so it does not focus only on battery electric vehicles.

• Comparison DimensionsDual-Dimension Tracking by Country and OEM

  Sales are observed by country and by automaker dimension.

  The available text shows that the report includes sections on NEV sales by country and OEM sales across G15 countries, which helps compare regional demand and automaker performance.

Asset mapping & comparison

Structured mapping from thesis to named assets (strengths, weaknesses, peers, risks).

• Global Automakers/OEMs

  The report tracks new energy vehicle sales by G15 country and by OEM, which can be used to observe automakers' demand exposure in major new energy vehicle markets.

  Strengths

  The G15 sample covers about 90% of global new energy vehicle sales and is highly representative.

  Weaknesses

  The currently available text lacks specific sales, share, and year-over-year/month-over-month data, so it is not possible to directly assess the relative strength of a single OEM.

  Comparison

  Sales performance can be compared by country and OEM in the full report.

  Risks

  Sales performance may be affected by the macro environment, policy changes, subsidies, exchange rates, and supply chain disruptions.

• New Energy Vehicle Industry Chain

  G15 sales trends can serve as an indirect observation indicator for demand in batteries, components, charging infrastructure, and upstream materials.

  Strengths

  Covers multiple major countries, helping to observe the global diffusion of demand.

  Weaknesses

  The report's core scope is vehicle sales and does not directly provide profit margin or supply-demand pricing data for the industry chain.

  Comparison

  Demand pull on the industry chain across different regions can be observed by combining country sales and vehicle mix.

  Risks

  Policy rollback, interest rate changes, consumer willingness to purchase vehicles, and raw material price fluctuations may affect demand transmission.

Key data

• Report Date2026-05-19The cover shows the date as 19 May 2026.
• Data PeriodMarch 2026The title indicates sales tracking for March 2026.
• Covered MarketsThe world's top 15 new energy vehicle marketsThe report says these markets account for about 90% of global new energy vehicle sales.
• Covered CountriesChina, United States, Japan, India, Germany, France, Brazil, United Kingdom, South Korea, Canada, Italy, Thailand, Norway, Sweden, FinlandIncludes 12 major countries and 3 Nordic countries.
• Vehicle ScopeEV, PHEV, FCVThe report explicitly covers battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles.

Impact & implications

This report can serve as a monthly observation tool for new energy vehicle demand momentum, regional structure, and the OEM competitive landscape. Since the available input does not retain specific sales tables, the current conclusions should not be extended into explicit investment recommendations for any specific automaker or stock.

Risks

• The source document discloses that the information comes from public sources deemed reliable, but does not guarantee accuracy or completeness.
• The report does not constitute an offer or recommendation to buy or sell any financial instrument, and investors must judge suitability on their own.
• Views, estimates, and forecasts may change with market conditions, and Deutsche Bank has no obligation to update them continuously.
• The current input does not retain specific table figures; if used for quantitative analysis, the original PDF or complete data tables should be reviewed.

What to watch

• Monthly changes in new energy vehicle sales across G15 countries.
• Changes in vehicle mix among EVs, PHEVs, and FCVs.
• Demand divergence across major markets in China, the United States, and Europe.
• Changes in OEM sales and market share across G15 countries.
• The impact of policy, subsidies, interest rates, exchange rates, and supply chain factors on new energy vehicle demand.