2023 EV review
Global EV sales growth fell to a 35% y/y growth rate vs the 56% rate seen in 2023, but a lot of that was due to the base effect. In fact, 3.67M units more were sold in 2023 than 2022 vs 3.77M units more sold in 2022 than 2021. It’s hardly a collapse. Globally, BYD consolidated its position as the world’s largest EV seller, rising to 21% global market share vs Tesla’s 13%. While Tesla remains the EV brand of choice in the US and in some other markets, it’s lost a fair amount more market share this year. But,...
Topics
BEV
BYD
China
demand growth
Europe
EVs
GAC
Geely
General Motors
Global
Market share
Penetration
PHEV
sales forecast
Stellantis
Tesla
US
Volkswagen
