Thursday, July 18, 2024
NewsGlobal EV Sales Surpass 1.1 Million in July 2023

Global EV Sales Surpass 1.1 Million in July 2023

July saw the global sale of over 1.1 million plug-in electric vehicles (EVs) for the third consecutive time, per InsideEVs

 

  • July 2023 records over 1.1 million plug-in EV sales, indicating a 41% increase compared to the previous year.

  • Electric vehicles now constitute approximately 16% of the global car market, with both all-electric and plug-in hybrid models contributing significantly.

  • Tesla’s Model Y maintains its position as the best-selling plug-in model, with BYD’s Song family and Tesla’s Model 3 following closely.


 

Global plug-in electric vehicle (EV) sales have surged once again, surpassing the 1.1 million mark in July 2023, according to an InsideEVs report. This achievement marks the third consecutive month in which the global plug-in EV market has achieved this impressive sales figure, and it highlights the robust growth in the EV sector.

2022 Tesla Model Y | Photo: Tesla

Data from EV-Volumes, as shared by Jose Pontes, reveals that 1,104,592 new passenger plug-in electric cars were registered worldwide in July. This figure represents a substantial 41% increase when compared to the same period in the previous year. Notably, this surge in sales now means that plug-in EVs account for around 16% of the total global car market.

2022 Tesla Model Y | Photo: Tesla

Breaking down these numbers further, battery electric vehicles (BEVs) have made substantial gains, with over 750,000 units sold in July, now constituting 11% of the overall market of vehicles sold in 2023. Plug-in hybrid vehicles (PHEVs) have also made a significant impact, registering almost 350,000 units and capturing 5% of the market.

BYD Han EV Station Wagon concept | Photo: BYD

For the year-to-date statistics in 2023, global plug-in EV registrations have reached over 6.9 million, constituting approximately 15% of the total car market. This breakdown includes BEVs, which account for about 10% of total registrations, and PHEVs, which contribute around 5% to the overall market.

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In terms of individual models, the Tesla Model Y continues its dominance as the best-selling plug-in model, recording 77,289 units sold in July. It significantly outpaces other models in terms of sales. Other top-performing models include the BYD Song and Qin families (both BEVs and PHEVs combined), the Tesla Model 3, and several other BYD models.

BYD Han EV Station Wagon concept | Photo: BYD

Moreover, in the realm of plug-in EV brands, BYD has emerged as a frontrunner, with over 250,000 new registrations in July. Tesla, while also setting its own record with over 119,000 units registered, faces competition from BYD in the BEV segment. SAIC-GM-Wuling, bolstered by its all-electric micro cars, has even managed to surpass Volkswagen for the third position.

 

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