A quick look at world’s top five EV OEMs by sales in H1 2023

A quick look at world’s top five EV OEMs by sales in H1 2023

During the first half (H1) of 2023, more than 5.8 million plug-in electric cars were sold worldwide, accounting for nearly 15 per cent of the total global car sales. Interestingly, only five OEMs were responsible for more than half of all plug-in cars sold worldwide in the six-month period under review. Let’s have a quick look at the leading OEMs:

As per EV-Volumes data shared by Jose Pontes, Chinese electric car manufacturer BYD Co. Ltd. once again emerged as the largest manufacturer in the plug-in category, which includes both BEVs and PHEVs. It sold more than 1,248,000 units in first six month of this year, grabbing 21.4 per cent share of the global EV market. The figures represent an increase of several per cent in market share from 15.4 per cent in the corresponding period of 2022.

Elon Musk-led American electric car pioneer Tesla Motors is another good example of a growing OEM in the electric vehicles market. This automaker sold nearly 888,900 EVs in six-month period under review, accounting for a 15.2 per cent share in the plug-in car segment. In H1 of 2022, the company’s market share was recorded at 13.6 per cent. It is also worth noting here that Tesla sells only fully electric cars (BEVs).

Germany-based Volkswagen Group grabbed the third spot in the list of the world’s largest OEMs in the first half of this year. It sold slightly more than 425,700 units, accounting for 7.3 per cent of the market, which represents a decline of 8 per cent year-over-year.

At the fourth position was Geely-Volvo, which sold slightly more than 359,500 units. its market share grew from 5.6 per cent to 6.2 per cent.

SAIC (including SAIC-GM-Wuling) sold more than 322,900 units and accounted for 5.5 per cent of the market. It following Geely-Volvo at the fifth position.

To be more specific, BYD sold a total of 1,248,168 plug-in cars in the H1 period of 2023, while Tesla and Volkswagen Group sold 888,879 and 425,761 units, respectively. Geely-Volvo sold 359,543 units, while SAIC sold 322,921 units in the six-month period under review.

Thus, top five OEMs’ total settled at 3,245,272 units, accounting for 55.6 per cent share of the total global plug-in car market. As all OEMs sold 5,831,864 units, manufacturers other than the five mentioned above accounted for 44.4 per cent share of the market, by selling 2,586,592 units.

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