Press "Enter" to skip to content

Top 5 Automakers For Electric Vehicle Sales Globally – CleanTechnica

Hi, what are you looking for?
DENSO Takes Its Green Efforts To The Next Level
NREL Talks Solar Hydrogen Splitting Best Practices For Efficiency
Tesla Updates Solar Referral Program: Earn Points to Get Tesla Merch
DOE Announces $43 Million To Speed Up The Energy Transition Across The US
Maryland Transit System Gets Solar + Storage Microgrid For Charging Its Electric Buses
World’s Biggest Floating Offshore Wind Farm Is Powering Oil & Gas Platforms In The North Sea
India X Cleantech — November 2022
How to Donate Solar Panels & Wind Turbines to Ukraine
6 Election Takeaways for Cleantech Communicators
Vertical Axis Wind Turbines Are Heading Out To Sea
Dandelion Energy Ready To Expand Ground Source Heat Pumps
Deep Geothermal — One Renewable Energy Source To Rule Them All?
Clean Energy Supply Chain Analyses
Tenerife’s Barriers To Renewable Energy Are Substantial But Not Insurmountable
Your Rechargeable Batteries Need Lithium. Geothermal Energy Could Soon Help. (Surprise Video)
Tesla Co-Founder Now Processing EV Battery Minerals
Maryland Transit System Gets Solar + Storage Microgrid For Charging Its Electric Buses
Panasonic Strikes Battery Minerals Deal In Canada
LG Chem To Build $3 Billion Battery Cathode Factory In Tennessee
GM Signs Long-Term Nickel Supply Agreement With Vale Canada Limited
USA’s 1st Vehicle-To-Grid Export Rate For Commercial Electric Vehicles
Shyft Group Shows Off Its Blue Arc Electric Last Mile Delivery Vehicle To Customers
Volvo EX90 Will Feature App-Based AC & DC Bi-Directional Charging
Want Energy Resilience? Invest Locally In Community Solar, Rooftop Solar, Heat Pumps, EVs
East Bay Customers Support California’s Grid During Extreme Heat Wave Through Innovative Program
Dandelion Energy Ready To Expand Ground Source Heat Pumps
Schneider Electric Is Helping Reduce Emissions At Home & At The Power Plant
Maryland Transit System Gets Solar + Storage Microgrid For Charging Its Electric Buses
PV Windows Unlock Goal Of Increased Energy Efficiency Of Skyscrapers
Millions Of US Homes Are Installing Heat Pumps. Will It Be Enough?
Can People Not Be Drama Queens On Plugshare? (Plus, Can Electrify America Not Leave People Up The Creek Without A Paddle?)
Tesla Co-Founder Now Processing EV Battery Minerals
Volkswagen Prioritizes Scout Motors Instead Of New Pickup Trucks
BYD Partners With Auto Nejma To Bring Its EVs To Morocco
VW Partners With Car-Sharing Company MILES Mobility
Tesla FSD Beta — Latest Improvements & Nagging Faults
Bolt EUV Month 2, Part 4: A Challenging Rural Road
Bolt EUV Month 2, Part 3: The Yee-Hawtobaun
Bolt EUV Month 2, Part 2: A Texas-Sized Road Trip
Bolt EUV Month 2: Testing The Extremes of Charging, Road Trips, Speed, & Off-Highway Driving
Ford Has #1 Plugin Vehicle in Germany in October!
14% Of New Cars Now Fully Electric In France
Plugins EVs Near Third Of Autos In Germany, Recession Forecast
UK BEV Volume Up YoY Despite Tesla Mid-Quarter Restocking
Plugins 22.4% Share In France, BEVs Up, PHEVs Down, Megane Ascendant
Tesla FSD Beta — Latest Improvements & Nagging Faults
Bolt EUV Month 2, Part 4: A Challenging Rural Road
Bolt EUV Month 2, Part 3: The Yee-Hawtobaun
Bolt EUV Month 2, Part 2: A Texas-Sized Road Trip
Bolt EUV Month 2: Testing The Extremes of Charging, Road Trips, Speed, & Off-Highway Driving
2022 CleanTechnica Car of the Year — Writers Discuss Finalists
Watch Tesla Conference Call Live Today — With Charts, Analyst Quotes, Transcribed Questions
Fisker Ocean — CleanTechnica Walkthrough Video 
The Aptera Gamma — CleanTechnica Video Walkthrough
ElectraMeccanica Solo — CleanTechnica Review
Let’s look at electric vehicle registrations by OEM — for now, full electrics (BEVs) plus plugin hybrids (PHEVs). At the end of Q2, BYD was leading with 15.4% share, but now it is up 1.9 percentage points, to 17.3%, increasing its advantage over Tesla to 4% market share. Comparing with the month of August, BYD increased its share from 16.9% to its current 17.3%.

Tesla remained in second with 13.3% share, down from 13.6% in Q2, but up from 12.4% compared to August thanks to the September end-of-quarter peak.
There was a position change in the last place on the podium, with a slowing SAIC (7.6%, down from 8.6% in Q2) being surpassed by Volkswagen Group (8%, same as Q2). Still, comparing with August, both lost 0.3% of market share in September.
In the 5th position, Geely–Volvo consolidated its position, increasing 0.1% share compared to Q2, to 5.7%. At the same time, it saw its most direct competitors, #6 Hyundai–Kia (5.0%, down from 5.4% in Q2) and #7 Stellantis (4.8%, down from 5.5% in Q2) lose share.

Also see: “100% Electric Vehicles = 13% Of New Vehicle Sales Globally!”
Comparing the top 5 of Q3 2022 with what was happening a year ago, there are significant differences:

Limiting OEM registrations to just BEVs, at the end of Q2, Tesla was leading with 19% share, with an advantage of more than 10 percentage points over runner-up SAIC. Tesla remains the leader, losing just 0.5% share, to 18.5% share. BYD kept its spot in second place, with 11.9% share, up from 11% in Q2. That means BYD gained 1.4% share on Tesla (19% vs 11% in Q2 against the current 18.5% vs 11.9%). If this trend continues into Q4, expect the OEMs to end the year with 18% (Tesla) and 12.8% (BYD).
SAIC remained in 3rd, but has lost share (9.8% now, down from 10.8% at the end of June), but it still has 4th placed Volkswagen Group at safe distance (7.4%, up from 7.3% in Q2).
Hyundai–Kia (5%, down from 5.6% in June) remained in 5th, but it has #6 Geely–Volvo looking to steal the #5 spot from the Korean group by the end of this year (Geely’s now at 4.8%, up from 4.3% in Q2).
As of right now, there are just 13,000 units separating #5 Hyundai–Kia from #6 Geely–Volvo, and the latter has established a quarterly average of 35,000 units/month in the third quarter of the 2022, against 27,000 for the Korean OEM. Hyundai–Kia’s 5th position should be in critical danger by November based on these trends, meaning that those Hyundai Ioniq 5 & 6, Kia EV6, and Kia Niro EV deliveries will need to be in full swing if the Korean OEM wants to keep the 5th spot through year end.

Comparing the current ranking with what happened a year ago, leader Tesla lost 3.5% share, Volkswagen Group lost 2.6%, SAIC lost 4% share, all while Hyundai–Kia kept the same share it had a year ago.
So … who profited from all these losses? Yep, once again, BYD. The Shenzhen automaker jumped from 4th a year ago, with 6% share, to the current runner-up spot, with 11.9% share. That’s a 5.9% market share gain! In just 12 months!
If the Chinese automaker’s sales & production continue to surge the way they have been this past year, expect BYD to be racing with Tesla for the BEV title by June 2023, or the end of next year at the latest!*
*All of this is assuming the geopolitics surrounding EVs (EV incentives, tariffs, etc.) remain the same in the next year and a half, something that we cannot assure. Not wanting to go into details, it is evident EVs are in the middle of a de-globalization process, as exemplified here, here and here. This is part of a wider de-coupling process between the economies of the USA and China. Speaking of these two, unlike other areas where an all-out Economic Cold War (ECW) between the two economic giants could do more damage to China’s economy, Tik Tok being just one example, an ECW event would hurt significantly more the US automotive companies than the Chinese ones, because while Chinese automakers are basically non-existent in the US (the exception being BYD in the Heavy Duty category, which only serves to confirm the rule: if an ECW would lead to China banning US carmakers from the country, this would mean that Tesla would lose its main factory in the world (52% of all Teslas delivered in 2022 were made in Shanghai). GM and Ford would also lose significant volume. From January through September, General Motors sold close to a million units in China (or over 20% of its global sales), while Ford sold some 200,000 units in the same period (or some 8% of its total sales). In short, while Ford wouldn’t suffer significantly from an ECW, General Motors and Tesla would suffer a major blow to their global operations, especially Tesla. That could see its production output reduced to half and its profit margin squeezed to less than half, as Giga Shanghai is the most profitable of its plants.
Also see: “100% Electric Vehicles = 13% Of New Vehicle Sales Globally!”
Always interested in the auto industry, particularly in electric cars, Jose has been overviewed the sales evolution of plug-ins on the EV Sales blog, allowing him to gain an expert view on where EVs are right now and where they are headed in the future. The EV Sales blog has become a go-to source for people interested in electric car sales around the world. Extending that work and expertise, Jose is also market analyst on EV-Volumes and works with the European Alternative Fuels Observatory on EV sales matters.

#1 most loved electric vehicle, solar energy, and battery news & analysis site in the world.


Support our work today!

Tesla News Solar News EV News Data Reports
Advertise with CleanTechnica to get your company in front of millions of monthly readers.
Volkswagen is going all in on an electric pickup truck and SUV from Scout Motors rather than offering a pickup of its own.
Morocco’s EV scene is making some good progress. Morocco wants to be a leader in the automotive industry in Africa. The Moroccan automotive industry…
Many EV fanatics look forward to Tesla’s Robotaxi service. For some people, it’s a big deal because they put in for a dozen Cybertrucks…
We want to personify things. It helps us to understand — or think we understand — something when we can put a human face…
Copyright © 2022 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.