Global Electric Vehicle Market Share: Quarterly

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Global Electric Vehicle Market Share: Quarterly

Feb 25, 2025

Global EV Market Share Q4 2024
Brands	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
BYD Auto	14%	15%	17%	18%	15%	17%	16%	16%
Tesla	22%	20%	17%	16%	20%	17%	17%	14%
Geely Holdings	8%	6%	6%	6%	8%	7%	9%	9%
Others	56%	59%	60%	60%	57%	59%	58%	61%

Global Electric Vehicle Market Highlights

Key Takeaways:

In Q4 2024, global sales* of battery electric vehicles (BEVs) increased by 12% YoY.
China dominated the market, making up 60% of global BEV sales. It was followed by the US and UK.
BYD Auto dethroned Tesla to become the best-selling BEV brand in Q4 2024.
Tesla’s Model Y and Model 3 and BYD’s Seagull were the best-selling models.
In China, Xiaomi’s SU7 overtook Tesla’s Model 3 during Q4 2024.

Top 3 BEV Players:
BYD Auto: In Q4 2024, BYD's sales increased by 13% YoY, overtaking Tesla’s sales. The Seagull, Yuan Plus (Atto 3) and Dolphin were the company’s top-selling models. BYD exported almost 120,000 vehicles, including plug-in hybrids, during the quarter. Of these exports, one-third were sold in Latin America, 30% in Europe and 18% in Southeast Asia.

Tesla: Tesla’s sales in Q4 2024 increased by a modest 2% YoY. The Model Y and Model 3 retained their positions as the best-selling EV models worldwide.

Geely Holdings: Geely’s BEV sales grew by a whopping 84% YoY in Q4 2024. Zeekr, Galaxy, Geometry and Geely branded EVs together made up nearly 60% of the OEM’s BEV sales. The Galaxy E5, Geely Xingyuan and Panda Mini were the top-selling BEV models, collectively representing over 40% of Geely’s BEV sales.

*Data on this page is updated every quarter

Sales* here refer to wholesale figures, i.e. deliveries out of factories by respective brands.

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: Q4 2024

Excel File | Published Date: February 2025

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.

Author

Team Counterpoint

Counterpoint Research is a global industry and market research firm providing market data, intelligence, thought leadership and consulting across the technology ecosystem. We advise a diverse range of global clients spanning the supply chain – from chipmakers, component suppliers, manufacturers and software and application developers to service providers, channel players and investors. Our veteran team of analysts serve these clients through our offices located across the key innovation hubs, manufacturing clusters and commercial centers globally. Our analysts consistently engage with C-suite through to strategy, market intelligence, supply chain, R&D, product management, marketing, sales and others across the organization. Counterpoint’s key coverage areas: AI, Automotive, Cloud, Connectivity, Consumer Electronics, Displays, eSIM, IoT, Location Platforms, Macroeconomics, Manufacturing, Networks & Infra, Semiconductors, Smartphones and Wearables.