Global Electric Vehicle Market Share, Q3 2022

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Global Electric Vehicle Market Share, Q3 2022 – Q2 2024

Sep 7, 2024

Global Passenger Electric Vehicle Market Share: Q3 2022 – Q2 2024

Global EV Market Share Q2 2024
Brands	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024
Tesla	17%	17%	22%	20%	17%	16%	20%	17%
BYD Auto	13%	14%	14%	15%	17%	18%	15%	17%
Geely Holdings	5%	7%	8%	6%	6%	6%	8%	7%
Others	65%	62%	56%	59%	60%	60%	57%	59%

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Global Electric Vehicle Market Highlights

Key Takeaways:
- In Q2 2024, global sales of Battery Electric Vehicles (BEVs) increased by nearly 9%.
- China dominated the market, making up 56% of worldwide BEV sales, with the USA and Germany following.
- After declining in Q1, BEV sales in the USA increased by 13% YoY Q2 2024 majorly attributed to comparatively better macro-economic performance in the second quarter
- Tesla continued to lead the BEV market, with BYD Auto close behind, trailing by just 15,000 units.
- The Tesla Model Y, Model 3, and BYD Seagull were the top three best-selling electric vehicle models.
- Notably, the BYD Seagull surpassed the BYD Yuan Plus (Atto 3) to claim the third spot.

Top 3 BEV Players:
Tesla: While Tesla continued to be the top-selling BEV brand, its sales in Q2 fell by 5% YoY. The Tesla Model Y and Model 3 retained their positions as the best-selling electric vehicle models worldwide. Additionally, Tesla delivered close to 11,000 Cybertrucks during this period.
BYD Auto: In Q2 2024, BYD's sales surged by over 21% YoY. The BYD Seagull, BYD Yuan Plus (Atto 3), and BYD Dolphin were the company’s top-selling models. BYD exported nearly 106,000 vehicles, including plug-in hybrids. Of these exports, 42% were sold in Latin America and 21% to Southeast Asia, highlighting these regions as key areas of expansion for BYD as well as other Chinese EV manufacturers.
Geely Holdings: Geely’s BEV sales grew by 35% YoY in Q2 2024. Zeekr, Volvo and Geometry together made up over 75% of the OEM’s BEV sales. Zeekr 001, Volvo EX3 and Geometry Panda Mini are the top-selling BEV models collectively representing 50% of Geely’s BEV sales.

*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:

Global Passenger Electric Vehicle Model Sales Tracker: Q2 2024

Excel File | Published Date: August 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 Q2 2024.

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