The global automotive industry experienced a 54% decline in the number of electric vehicles-related patent applications in Q2 2023 compared with the previous quarter. The total number of electric vehicles-related grants dropped by 59% in Q2 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 1,465 in Q2 2023, versus 3,189 in the prior quarter.
The top five companies accounted for 11% of patenting activity
Analysis of patenting activity by companies shows that Ford Motor filed the most electric vehicles patents within the automotive industry in Q2 2023. The company filed 36 electric vehicles-related patents in the quarter, compared with 52 in the previous quarter. It was followed by AB Volvo with 35 electric vehicles patent filings, General Motors (34 filings), and Porsche Automobil Holding (32 filings) in Q2 2023.
Patenting activity was driven by the US with a 35% share of total patent filings
The largest share of electric vehicles related patent filings in the automotive industry in Q2 2023 was in the US with 35%, followed by China (31%) and Japan (4%). The share represented by the US was 10% higher than the 25% share it accounted for in Q1 2023.
For further understanding of GlobalData's Electric Vehicles Market Analysis by Region, Propulsion Type and Forecast to 2030 buy the report here.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
