Global Passenger Electric Vehicle Market Share, Q1 2021 – Q4 2022
Published date: March 9, 2023
This page depicts our quarterly data for global electric vehicle sales market share from Q1 2021 to Q4 2022.
| Brands | Q1 2021 | Q2 2021 | Q3 2021 | Q4 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 |
| BYD Auto | 5% | 7% | 11% | 12% | 14% | 16% | 20% | 20% |
| Tesla | 17% | 15% | 15% | 14% | 15% | 12% | 13% | 12% |
| Volkswagen | 5% | 7% | 6% | 5% | 4% | 4% | 4% | 4% |
| Wuling | 9% | 7% | 6% | 5% | 5% | 5% | 5% | 4% |
| BMW | 6% | 5% | 4% | 4% | 4% | 4% | 3% | 4% |
| Others | 58% | 59% | 57% | 60% | 57% | 59% | 56% | 56% |
Source: Global Electric Vehicle Model Sales Tracker: Q1 2018 – Q4 2022
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Global electric vehicle market highlights:
- The global electric vehicle market saw a 65% YoY growth in 2022 as EV sales climbed over 10.2 million units.
- EVs accounted for over 14% of the world’s passenger vehicle sales in 2022, compared to 9% in 2021.
- 7 out of the top 10 EV models in Q4 2022 were from Chinese brands.
- Tesla market share was 12% in Q4 2022 according to our Passenger Electric Vehicle
- Though Tesla remained the top-selling brand in the pure battery EV (BEV) segment.
- EV sales are expected to reach nearly 17 million units by the end of 2023.
Top Electric Vehicle Brands highlights:
BYD Auto: BYD sold over 1.8 million EV units in 2022. It saw a YoY growth of almost 153% in Q4 2022. BYD’s three best-selling models – Song, Qin and Han – accounted for over 55% of its sales in both 2022 and Q4 2022. Further, the company sold more PHEVs than BEVs. Exports stood at over 33,000 units in 2022. During 2023, BYD expects to debut in several European countries.
Tesla: Ranking second in terms of global EV sales share, Tesla crossed 1.3 million deliveries in 2022. Its sales rose over 31% YoY in Q4 2022. This number would have been more if fresh cases of COVID-19 hadn’t surfaced in China. Tesla’s Model Y became the best-selling model in Europe in November and December.
Volkswagen: Volkswagen outpaced Wuling to become the third best-selling passenger EV brand in Q4 2022. Sales rose by 23% YoY in Q4, with the VW ID.4, VW ID.3 and VW ID.5 being Volkswagen’s top-selling models.
Wuling: Riding on its Hongguang Mini EV, Wuling continued to hold a position in the top five best-selling passenger EV brands. Wuling’s sales grew 27% YoY in Q4 2022. The company launched its new Mini Air EV in Q4 2022. Wuling mainly operates in China and Indonesia.
BMW: EV sales by BMW in Q4 2022 rose 42% YoY, bringing the yearly total to over 360,000 units. PHEVs accounted for almost 54% of BMW’s EV sales. In the BEV segment, the BMW i4, BMW iX3 and BMW iX were the top-selling models.
For a more detailed electric vehicle model sales tracker, click below:
Note: Numbers based on passenger vehicles only. For EVs, we consider only BEVs and PHEVs. Hybrid EVs and fuel cell vehicles (FCVs) are not included in this study.
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