The global automotive industry experienced a 12% decline in the number of electric vehicles-related patent applications in Q1 2023 compared with the previous quarter. The total number of electric vehicles-related grants dropped by 19% in Q1 2023, according to GlobalData’s Patent Analytics. 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, the number of electric vehicles-related patent applications in the automotive industry was 2,955 in Q1 2023, versus 3,372 in the prior quarter.
The top five companies accounted for 17% of patenting activity
Analysis of patenting activity by companies shows that Toyota Motor filed the most electric vehicles patents within the automotive industry in Q1 2023. The company filed 160 electric vehicles-related patents in the quarter, compared with 173 in the previous quarter. It was followed by Hyundai Motor with 155 electric vehicles patent filings, Kia (87 filings), and Huawei Investment (48 filings) in Q1 2023.
Patenting activity was driven by China with a 35% share of total patent filings
The largest share of electric vehicles related patent filings in the automotive industry in Q1 2023 was in China with 35%, followed by South Korea (10%) and Japan (10%). The share represented by China was 7% lower than the 41% share it accounted for in Q4 2022.
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