Access our quarterly data for global electric vehicle sales market share. This data only covers BEVs.
Published Date: June 4, 2024
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| Global EV Market Share Q1 2024 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Brands | Q2 2022 | Q3 2022 | Q4 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | Q1 2024 |
| Tesla | 16% | 17% | 17% | 22% | 20% | 17% | 16% | 20% |
| BYD Auto | 12% | 13% | 14% | 14% | 15% | 17% | 18% | 15% |
| Geely Holdings | 4% | 5% | 7% | 8% | 6% | 6% | 6% | 8% |
| Others | 68% | 65% | 62% | 56% | 59% | 60% | 60% | 57% |
• Global BEV sales grew 3% during Q1 2024.
• China accounted for 52% of the global BEV sales, followed by the US.
• Tesla regained its position as the best-selling BEV brand in Q1 2024.
• Tesla’s Model Y and Model 3 and BYD’s Yuan Plus (Atto 3) were the top-selling BEV models during the period.
• While BEV sales slowed, PHEV sales surged during Q1 2024, growing by 51% YoY.
• Global EV Q1 2024 market share rankings (based on sales):
○ Tesla market share 20%
○ BYD Auto 15%
○ Geely Holdings 8%
○ Others 57%
Top 3 BEV players
Tesla: Although Tesla’s sales declined by 9% YoY in Q1 2024, it managed to regain the title of best-selling BEV brand. The Model Y was Tesla’s best-selling BEV model, accounting for more than 70% of its sales. During the quarter, Tesla sold over 4,000 Cybertrucks.
BYD Auto: BEV sales of BYD Auto in Q1 2024 grew 14% YoY. The Yuan Plus/Atto 3, Seagull and Dolphin were BYD’s top-selling models, accounting for 60% of its total BEV sales. Besides China, BYD cars are also becoming popular in South America and Southeast Asia. In Southeast Asia, Thailand is leading in BYD sales.
Geely Holdings: BEV sales of Geely Holdings group increased by just 3% YoY in Q1 2024. Geometry, Volvo and Zeekr brands accounted for 75% of the group’s total EV sales. The Panda Mini, Zeekr 001 and Volvo EX30 were the top three best-selling models of the automaker during Q1 2024.
*For EVs, we consider only BEVs. PHEVs, HEVs and FCVs (fuel cell vehicles) are not included in this study
*Data on this page is updated every quarter
For EVs, we consider only BEVs. PHEVs, HEVs and fuel cell vehicles (FCVs) are not included in this study.
For detailed insights on the data, please reach out to us at sales(at)counterpointresearch.com. If you are a member of the press, please contact us at press(at)counterpointresearch.com for any media enquiries.
For a more detailed electric vehicle model sales tracker, click below:
Excel File
Published Date: June 2024
This report tracks the global passenger vehicle sales by brand and by model across 23 regions (China, USA, Germany, UK, France, Spain, Japan, India, Italy, South Korea, Thailand, Indonesia, Vietnam, Brazil, Argentina, Russia, Malaysia, Philippines, Singapore, ROE, LATAM, MEA and Oceania) quarterly. The report will help to understand regional trends, brand dynamics and type of EV penetration. The period covered in this report is from Q1 2018 to Q4 2023.
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