Over 10 million electric vehicles (EVs) were sold in 2022, accounting for 14% of the total car sales globally.
According to EV-Volumes data, from Jose Pontes, five OEMs handled more than half of all EV sales.
5 Automakers Handled Half of All EV Sales in 2022
According to EV-Volumes data, from Jose Pontes, five OEMs handled more than half of all EV sales.
February 14, 2023
According to EV-Volumes data, from Jose Pontes, five OEMs handled more than half of all EV sales.
IMAGE: Pixabay
2 min to read
In the plug-in vehicle category, which combines all-electric (BEV) and plug-in hybrid (PHEV) cars, the top five manufacturers did not change during the fourth quarter.
BYD drove into the #1 spot, selling over 1.85 units to reach an 18.4% share. The Chinese manufacturer more than tripled its volume in 2022, compared to 2021.
Tesla came in second, after coming in first for plug-in vehicles in 2018, 2019, 2020, and 2021. The automaker was over a half million units behind BYD, which decreased Tesla's market share in the plug-in segment to 13%, from 14.4% the year before.
Volkswagen Group took the third spot with over 831,000 units, representing 8.2% of the total, compared to 11.7% a year ago.
Behind the Top 3 are SAIC (7.2%), Geely-Volvo (6%), Stellantis (4.75) and Hyundai Motor Group (4.6%).
Plug-in car registrations in Q1-Q4 2022 (vs. Q1-Q4 2021):
BYD: 1,857,549 and 18.4% share (vs 9.1%)
Tesla: 1,314,330 and 13.0% share (vs 16.0%)
Volkswagen Group: 831,844 and 8.2% share (vs 13.0%)
SAIC (incl. SAIC-GM-Wuling): 724,911 and 7.2% share (vs 10.5%)
Geely-Volvo: 606,114 and 6.0% share
In terms of all-electric car registrations, the top five manufacturers are slightly different, because BEV-focused Tesla far outpaces the competition. Tesla delivered over 1.3 million EVs in 2022, representing 18.2% of the total BEV sales globally.
However, Tesla's share decreased by around 5 percentage points compared to 2021.
BYD significantly increased its BEV sales in 2022, reaching 913,052 units and a 12.6% share in the BEV segment.
SAIC took the third spot at 9.3%, thanks to the SAIC-GM-Wuling joint venture and its microcars.
The Volkswagen Group took a 7.9% share but is expected to overtake SAIC in the year to come.
The fifth-largest OEM in the BEV segment was Geely-Volvo (5.3% share), which replaced the Hyundai Motor Group.
All-electric car registrations in Q1-Q4 2022 (vs. Q1-Q4 2021):
Tesla: 1,314,330 and 18.2% share (vs 23%)
BYD: 913,052 and 12.6% share (vs 7%)
SAIC (incl. SAIC-GM-Wuling): 671,725 and 9.3% share (vs 13%)
Volkswagen Group: 571,067 and 7.9% share (vs 10%)
Geely-Volvo: 383,936 and 5.3% share
Originally posted on Auto Dealer Today
More Showroom
Mid-Atlantic Ford Store Has New Owner
A growing Maryland automotive group is only the 93-year-old dealership’s third owner after its longtime proprietors retired.
Read More →
Porsche Dealership Breaks Ground in Illinois
Barrington Porsche will be the new location for Murgado Automotive Group’s existing Porsche dealership currently in the Motor Werks of Barrington auto mall.
Read More →
Michigan Auto Group Acquires Ohio Rooftops
Feldman Automotive Group added two new brands, Honda and Toyota, to its portfolio with its latest acquisition of four Fireside dealerships in Ohio.
Read More →
California VW Dealers Go After Scout
The franchisees’ state-level actions follow a California auto dealers trade group lawsuit against the VW affiliate last year, both efforts to stop the EV maker’s plan to sell direct to consumers.
Read More →
EVs Gain Traction in Europe
First-quarter auto sales increased as more consumers took advantage of government incentives. Hybrid deliveries are leading the way on the electrifieds boom.
Read More →
California Holds EV Lead Despite Annual Decline
At nearly 14%, California had the lowest zero-emission vehicle market share in the first quarter since the fourth quarter of 2021, according to the California New Car Dealers Association.
Read More →
Will Extended-Range Autos Make Inroads?
EREVs, also known as ‘series hybrids,’ may catch on in the U.S., where they currently have barely a toehold, as automakers tilt away from some purely electric models and consumers crave more range.
Read More →
Electrifieds Lead EU New-Vehicle Sales
Hybrids in particular lead not only EV market share but all power trains on the continent so far this year as gas and diesel continue their decline.
Read More →
Hyundai Expands North American Footprint
Building on a previously announced $26 billion U.S. investment, Hyundai said it will grow its North American lineup and U.S.-based production and parts sourcing.
Read More →
Afeela EV Brand Fails to Leave the Factory
Sony-Honda venture cancels two planned models, the first of which had been pegged for a mid-2026 California delivery debut. The brand’s direct sales had been challenged by the state’s auto dealers, but the venture cites Honda’s EV retreat.
Read More →