5 Automakers Handled Half of All EV Sales in 2022

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.

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