Global Passenger Electric Vehicle Market Share, Q3 2021 – Q2 2023
his page depicts our quarterly data for global electric vehicle sales market share from Q3 2021 to Q2 2023.
Note: For Electric vehicles, we consider only BEV in this study.
| Global Passenger Electric Vehicle* Market Share, Q3 2021 – Q2 2023 | ||||||||
| Auto Group | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 |
| Tesla | 20% | 19% | 21% | 16% | 17% | 17% | 22% | 20% |
| BYD Auto | 9% | 9% | 10% | 12% | 13% | 15% | 14% | 15% |
| Volkswagen Group | 10% | 10% | 7% | 7% | 7% | 8% | 7% | 7% |
| Others | 60% | 62% | 62% | 65% | 63% | 60% | 57% | 58% |
Source: Global Passenger Electric Vehicle Model Sales Tracker: Q1 2018 – Q2 2023
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Global electric vehicle market highlights:
- BEV sales during Q2 2023 grew over 50% YoY.
- One in every 10 cars sold during Q2 2023 was a pure battery electric vehicle (BEV).
- China remained the leader in global BEV sales followed by USA and Germany.
- BEV sales in the USA grew by almost 57% YoY, the highest among the top 3 EV markets.
- Tesla Model Y retained its title as the ‘best-selling’ passenger car globally.
- With the present growth trajectory, total BEV sales are expected to reach over 10 million units by the end of 2023.
Top Electric Vehicle Brands highlights:
Tesla: Tesla sales soared by 83% YoY during Q2 2023. Tesla Model Y accounted for 64% of Tesla’s global sales. Model Y retained its title as the ‘best-selling’ passenger car model globally.
BYD Auto: During Q2 2023, BYD Auto’s BEV sales grew by 96% YoY, faster than Tesla. BYD Yuan Plus (or Atto 3) was the best-selling BYD model followed by BYD Dolphin and BYD Seagull. BYD Seagull was introduced in April 2023 during the Shanghai auto expo. BYD Seagull also ranked #9 among the top 10 best-selling BEV models globally. BYD exported over 35,000 EVs during Q2 2023. Almost two-thirds of its exported BEVs were sold in Thailand, Israel and Australia.
Volkswagen Group: BEV sales of VW group grew by 48% YoY during Q2 2023. VW ID.4, Audi Q4-etron and VW ID.3 are the top 3 best-selling models of the group, accounting for nearly 50% of the group’s total BEV sales.
* Our present analysis takes Pure Battery EVs (BEVs) into account. We have removed Plug-in Hybrid EVs (PHEVs) from our analysis to avoid confusion.
For our detailed research on the global EV sales market in Q2 2023, click here.
