19 May 2026DateIndustry Update AutosAuto Manufacturing Top 15 countries' new energy vehiclesales volume tracker - March 2026This monthly chartbook tracks the sales trends of new energy vehicles (NEV) in the top 15 global markets (G15). This report tracks new NEV car sales in the top 15 NEV markets globally, includingpure electric vehicles (EV), plug-in hybrid electric vehicles (PHEV) and fuel-cellvehicles (FCV). The 15 countries tracked account for about 90% of global NEV sales,including 12 major countries (China, US, Japan, India, Germany, France, Brazil, UK, Source : Marklines, Deutsche Bank Source : Marklines, Deutsche Bank Source : Marklines, Deutsche Bank Source : Marklines, Deutsche Bank Source : Marklines, Deutsche Bank Source : Marklines, Deutsche Bank Source : Marklines, Deutsche Bank Source : Marklines, Deutsche Bank Source : Marklines, Deutsche Bank Source : Marklines, Deutsche Bank Source : Marklines, Deutsche Bank Appendix 1 Important Disclosures *Other information available upon request *Prices are current as of the end of the previous trading session unless otherwise indicated and are sourced from localexchanges via Reuters, Bloomberg and other vendors . Other information is sourced from Deutsche Bank, subject companies,and other sources. For disclosures pertaining to recommendations or estimates made on securities other than the primarysubject of this research, please see the most recently published company report or visit our global disclosure look-up page onour website at https://research.db.com/Research/Disclosures/EquityResearchDisclosures. Aside from within this report, Analyst Certification The views expressed in this report accurately reflect the personal views of the undersigned lead analyst about the subjectissuers and the securities of those issuers. In addition, the undersigned lead analyst has not and will not receive anycompensation for providing a specific recommendation or view in this report. Tim Rokossa, Christoph Laskawi, Edison Yu, Bin Equity Rating and Dispersion Key The Equity Rating Dispersion Chart depicts the following: The proportion of recommendations that are rated "buy", "sell" and "hold" over the previous 12 months. This is shown forsecurities issued in the stated region e.g. "Europe Universe". See rating definitions below. This is represented by the"Companies Covered" bars in the chart. The percentage value displayed above the bar is the proportion as a percentage. Next to each of the three respective bars showing the proportion of "buy", "sell" and "hold" recommendations we providetwo additional bars to show: - The proportion of "buy", "sell" or "hold recommendations where Deutsche Bank and or/Affiliates provided MIFIDInvestment or Ancillary Services in the past 12 months. This is represented in the "MIFID Investment and AncillaryServices" bar. The percentage value displayed above the bar shows the proportion of Companies Covered with the givenrating where DB has also provided MIFID Investment and Ancillary Services in the past 12 months. E.g. 50% above the - The proportion of "buy" (or "sell" or "hold) recommendations where Deutsche Bank and or/Affiliates has providedInvestment Banking services in the past 12 months for which it has received compensation. The percentage valuedisplayed above the bar shows the proportion of Companies Covered with the stated rating where DB has also provided Buy: Based on a current 12- month view of TSR, we recommend that investors buy the stock. Sell: Based on a current 12-month view of TSR, we recommend that investors sell the stock. Hold: We take a neutral view on the stock 12-months out and, based on this time horizon, do not recommend either aBuy or Sell. TSR = Total Shareholder Return. Percentage change in share price from current price to projected target price plusprojected dividend yield Newly issued research recommendations and target prices supersede previously published research. Additional Information The information and opinions in this report were prepared by Deutsche Bank AG or one of its affiliates (collectively 'DeutscheBank'). Though the information herein is believed to be reliable and has been obtained from public sources believed to bereliable, Deutsche Bank makes no representation as to its accuracy or completeness. Hyperlinks to third-party websites in thisreport are provided for reader convenience only. Deutsche Bank neither endorses the content nor is responsible for the If you use the services of Deutsche Bank in connection with a purchase or sale of a security that is discussed in this report, oris included or discussed in another communication (oral or written) from a Deutsche Bank analyst, Deutsche Bank may act asprincipal for its own account or as agent for another person. Deutsche Bank may consider this report in deciding to trade as principal. It may also engage in transactions, for its own accountor with customers, in a manner inconsistent with the views taken