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Insights EVs Tech in China

This Chinese EV company continues to lead the global EV market, ahead of Tesla

Emmanuel Oyedeji profile image
by Emmanuel Oyedeji
Updated
This Chinese EV company continues to lead the global EV market, ahead of Tesla
Photo by Anatoli Nicolae / Unsplash

Global passenger electric vehicle (EV) sales grew 71% YoY in Q3 2022 as the world moves towards a greener alternative for power and demand for electric vehicles grows globally, according to a report from Counterpoint.

The report finds that the global electric vehicle market share constituted over 15% of the world’s passenger vehicle sales in Q3 2022 with three of the top five best-selling EV brands from China.

EV global market share is consolidating, with the top five brands approaching 50% market share. This chart by Techloy illustrates the share of the market by the top five brands, with Chinese brand BYD Auto maintaining its leadership position, ahead of Tesla.

Emmanuel Oyedeji profile image
by Emmanuel Oyedeji
Updated

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