Want to learn more about electric car sales and their statistics? This blog dives deep into the latest data from Q3 2023, providing a detailed electric vehicle market analysis.
Table of contents
- How Many Electric Cars Were Sold in 2022
- Electric Vehicle Market Overview
- Electric Car Sales by Year
- What is The Best-Selling Electric Car in The World
- Electric Vehicle Sales by Manufacturer
- EV Sales by Country (China, Europe, US)
- China Electric Car Sales
- Electric Car Sales Europe
- Electric Car Sales in the US
In a world where technology and eco-awareness work together, the shift towards green transportation and more affordable “fuel” – electricity is accelerating like never before.
„The future of the automotive industry is electric… and there’s surely no turning back!‟
As we start a new age of sustainable transportation, electric cars are capturing the hearts and minds of consumers worldwide, thanks to improved technology and increased environmental awareness.
We believe that this year, electric vehicle sales will reach new heights.
Let’s dive into EV sales statistics!
How Many Electric Cars Were Sold in 2022
In 2022, 10.5 million electric cars were sold.
Total vehicle sales in 2022 reached 73.8 million, with electric cars accounting for 14.2% of those sales.
Only one out of 70 cars sold in 2017 were electric. Today, one in every 7 cars sold is an electric vehicle.
At this pace, electric cars will make up 18% of car sales worldwide in 2023.
Electric Vehicle Market Overview
According to Vantage, the global electric vehicle market held a value of 193,55 billion USD in 2022.
The electric vehicle market is projected to grow to a stunning 693,70 billion USD by 2030, which represents a compound annual growth rate (CAGR) of 17.3%.
Electric vehicle prices dropped a lot in early 2023, leading to a massive increase in sales all around the globe.
China, the US, and the EU dominate the global EV market – they continue to drive innovation, set trends, and shape the future of electric vehicle adoption worldwide.
However, the need for charging EV charging infrastructure is a barrier to growth.
Nevertheless, the number of public EV charging stations is on the rise, improving accessibility for users.
Electric Car Sales by Year
The interest in electric vehicles grew at the beginning of the 21st century, in 2008, when Tesla released its first fully electric car – Roadster.
Since then, the popularity of electric vehicles has grown steadily, and they have become an increasingly common sight on our roads.
We show global electric car sales from 2013 to 2022:
| Year | Sales |
|---|---|
| 2013 | 206,000 |
| 2014 | 320,000 |
| 2015 | 543,000 |
| 2016 | 791,000 |
| 2017 | 1.262,000 |
| 2018 | 2.082,000 |
| 2019 | 2.276,000 |
| 2020 | 3.244,000 |
| 2021 | 6.768,000 |
| 2022 | 10.522,000 |
It is quite believable to envision 145 million electric vehicles, including cars, buses, vans, and heavy trucks, on our roads by the end of 2030.
Smart EV Charging: Unlocking Its Full Potential
What is The Best-Selling Electric Car in The World
Tesla Model Y holds the title for the best-selling electric car in the world in Q1 2023.
As competition in the electric vehicle market increases, prices have seen a notable decrease at the beginning of 2023.
Best-selling Electric Cars in 2022
In recent years Tesla Model 3 was outpaced by its sibling Tesla Model Y.
In 2022, Tesla Model Y was the top-selling electric car by far.
Tesla had two of the best-selling electric vehicles, but Asian brands, especially BYD gave them tough competition.
These are the best-selling electric models in 2022:
| Best-selling Electric Models | Sales |
|---|---|
| Tesla Model Y | 771,300 |
| BYD Song Plus (BEV + PHEV) | 477,090 |
| Tesla Model 3 | 476,340 |
| Wuling Hong Guang MINI EV | 424,030 |
| BYD Qin Plus (BEV + PHEV) | 315,240 |
| BYD Han (BEV + PHEV) | 273,320 |
| BYD Dolphin | 205,240 |
| BYD Yuan Plus (aka Atto 3) | 201,740 |
| Volkswagen ID.4 | 174,090 |
| BYD Tang (BEV + PHEV) | 151,150 |
Among the top ten models, only the Volkswagen ID.4 represented European automakers.
Electric Vehicle Sales by Manufacturer
As the electric vehicle (EV) market continues to thrive, there’s no doubt that EV manufacturers will invest a lot to produce advanced EVs with longer ranges, quicker charging times, and better overall performance.
However, preferences for electric vehicles can vary greatly…
Loading ...Tesla sales jumped by 4% in 2023 and solidified its position as the world’s leading vehicle manufacturer.
In Q1 2023 Tesla had the largest sale of electric vehicles, amounting to 422,000 vehicles sold.
Top-Selling Electric Car Manufacturers
Tesla holds the top spot as the top-selling electric vehicle manufacturer.
But there is a serious battle between Tesla and BYD in the electric vehicle market. We show the top 10 top-selling BEV makers in 2022:
| Electric Car Manufacturer | Sales |
|---|---|
| Tesla | 1.314,000 |
| BYD | 912,000 |
| Volkswagen | 572,000 |
| SGMW | 455,000 |
| Geely | 384,000 |
| Hyundai | 318,000 |
| Stellantis | 288,000 |
| Chery | 233,000 |
| GAC | 217,000 |
| BMW | 246,000 |
Meanwhile, several new players are making their presence felt in the EV industry.
Some of them are unique, high tech, and affordable electric vehicles.
NIO, the Chinese EV startup, already sold 10,378 electric cars in Q1 2023, which is 3.9% more than a year ago.
Rivian, a rising American electric vehicle manufacturer, is also making its mark in the EV industry. They focus on crafting distinctively designed pickup trucks and SUVs.
All these newcomers bring fresh innovation and competitive pricing to the table, which will ultimately benefit EV drivers.
EV Sales by Country (China, Europe, US)
EV sales rose in every region due to increased production, higher gas prices, and targeted policies promoting their market presence.
China, EU, and the US are regions that dominating global EV markets, recorded about 95% of global electric car sales in 2022.
Their success can be attributed to factors like:
- Progressive government electric vehicle incentives
- Substantial investment in EV charging infrastructure
- Strong push for sustainable transportation
China Electric Car Sales
In Q1 2023 China led the market with 4.269 million electric vehicles sold.
In fact, the share of domestic EV sales almost reached 20%.
Chinese government EV initiatives are focusing on the development of small and affordable electric vehicle models, which have gained significant popularity in the country. Priced below $10,000, these vehicles cater to a wider audience due to their affordability.
The market has witnessed the entry of numerous small EV manufacturers, resulting in a diverse array of electric vehicles for sale, offering consumers nearly 300 different models to choose from.
Top Selling Electric Cars in China
BYD emerged as the top-selling EV brand in China, with 224,729 pure electric vehicles.
Tesla follows closely behind, with 137,429 electric cars sales in Q1 2023.
Wuling Mini EV, priced under 6500 USD, also recorded good sales.
These are best-selling EV brands in China in Q1 2023:
| EV Brand | Sales |
|---|---|
| BYD | 224,729 |
| Tesla | 137,429 |
| Aion | 80,308 |
| Wuling | 76,418 |
| Changan | 52,849 |
| Geely | 47,234 |
| Nio | 31,041 |
| Neta | 22,449 |
| BMW | 18,733 |
| XPeng | 18,230 |
Electric Car Sales Europe
In Q1 2023, electric car sales in Europe increased by around 10% compared to the same period in 2022.
In total 1,177,637 electric vehicles were sold across Europe in the Q1 of 2023.
Best Selling Electric Car in Europe
In Q1 2023 Tesla Model Y was Europe’s best-selling car.
We show the numbers of the best-selling EVs in Europe of Q1 2023:
| EV Model | Sales |
|---|---|
| Tesla Model Y | 71,683 |
| Tesla Model 3 | 19,621 |
| Volkswagen ID.3 | 17,316 |
| Volkswagen ID.4 | 16,646 |
| Dacia Spring | 14,066 |
| Volvo XC40 | 13,786 |
| Fiat 500 | 13,543 |
| Peugeot 208 | 13,266 |
| MG4 | 12,720 |
| Renault Megane | 10,876 |
Electric Cars Sales in Germany
Germany is the leading European country with 1.38 million plug-in cars registered since 2010.
Also, Germany being Europe’s largest auto market, sold 60,901 electric vehicles in Q1 2023.
Although Germany is home to some of Europe’s largest EV factories, Tesla remains the most popular brand with the highest sales in Q1 2023.
Here are the top 5 best-selling electric car brands in Germany:
| Electric Car Brand | Sales |
|---|---|
| Tesla | 8,703 |
| Volkswagen | 7,422 |
| Mercedes | 7,342 |
| Audi | 4,864 |
| BMW | 4,284 |
Tesla Model Y took the top spot as the best-selling electric car during this period, with 15,851 units sold.
Volkswagen’s ID.4/ID.5 came in second, selling 6,782 units.
Norway Electric Cars Sales
In Q1 2023, Norway saw an impressive 84.5% market share for electric vehicles.
Norway boasts the highest EV market penetration per capita.
Norwegian enthusiasm for electric cars is unwavering, and Tesla remains the preferred choice.
In fact, Tesla was the best-selling car brand in Norway during Q1 2023.
France Electric Cars Sales
In Q1 2023, electric vehicle sales in France rose by 12.1%, marking a 21.2% growth compared to the same period in 2022.This equates to 46,357 passenger plug-in cars sold.
Tesla Model Y was the best-selling model in March 2023, with 6,455 new registrations.
These are bestsellers in France:
| Electric Vehicle Model | Sales |
|---|---|
| Tesla Model Y | 6,455 |
| Dacia Spring | 3,481 |
| Peugeot e-208 | 3,256 |
| Fiat 500 Electric | 2,021 |
| Tesla Model 3 | 2,008 |
| Renault Megane E-Tech | 1,885 |
Electric Car Sales UK
By the end of April 2023, over 760,000 fully electric cars can be found on UK roads.
In the UK, new vehicle sales soared to 287,825 total units in Q1 2023, with 46,626 cars sold in March alone – making it the best month for EV adoption ever.
Electric vehicle sales in the UK reached record highs, driven by the popularity of Tesla Model Y.
These were UK’s best-selling models in 2022:
| EV Model | Sales |
|---|---|
| Tesla Model Y | 35,551 |
| Tesla Model 3 | 19,071 |
| Kia e-Niro/Niro EV | 11,197 |
| Volkswagen ID.3 | 9,832 |
| Nissan Leaf | 9,178 |
| Mini Electric | 7,425 |
| Polestar 2 | 7,345 |
| MG 5 EV | 7,030 |
| BMW i4 | 6,699 |
| Audi Q4 e-tron | 6,594 |
Electric Car Sales in the US
Electric car adoption in the US is happening at a faster pace than predicted.
The US charging infrastructure is getting built out fast, and Tesla’s opening the Supercharger network.
Electric car sales in the USA broke a record high in Q1 2023.
Over 320,000 electric cars were sold during this period, marking a 60% increase compared to the same period in 2022.
Clearly, Tesla stands as the leading electric car manufacturer, with its undisputed dominance in the US market.
Now, Tesla is taking up a massive 75% of the US EV market share.
California has the highest EV demand in the USA with massive numbers of plug-in electric cars sold.
Best Selling Electric Car in US
In 2022, these were the top-selling electric car models in US:
| Electric Car Model | Sales |
|---|---|
| Tesla Model Y | 243,834 |
| Tesla Model 3 | 200,800 |
| Mustang Mach-E | 39,458 |
| Chevrolet Bolt | 38,120 |
| Tesla Model X | 36,500 |
| Tesla Model S | 28,924 |
| Hyundai IONIQ 5 | 22,982 |
| Volkswagen ID.4 | 20,511 |
| Kia EV6 | 20,498 |
| Rivian R1T | 20,332 |
Conclusion
Based on this research, we expect that the percentage of electric vehicles on our roads will increase to approximately 25% by the end of 2025.
Loading ...In conclusion, it seems that the future is looking bright for electric cars and 2023 is expected to be strong in EV sales.
For sure, we have just started the EV revolution!
Do you agree? Drop the comment below. 😊
