In an era where environmental concerns and technological advancements are converging, the electric vehicle (EV) market is witnessing remarkable growth. The month of June 2023 saw the global sales of plug-in electric cars continue their upward trajectory, inching closer to a new all-time monthly record. According to data from EV-Volumes, shared by industry analyst Jose Pontes, a staggering 1,260,470 new passenger plug-in electric cars were registered globally in June. This represents a remarkable increase of about 38 percent compared to the same period a year ago, accounting for an impressive 19 percent of the total market share.
This surge in sales signifies that nearly one in every five new passenger cars registered during the month was a rechargeable electric vehicle, propelling the electrification of the global automotive landscape. When combined with non-rechargeable hybrids, a substantial third of the global market embraced electrified vehicles, marking a significant milestone towards sustainable transportation solutions.
The majority of the plug-in cars sold in June were pure battery electric vehicles (BEVs), accounting for approximately 862,000 units and a 13 percent market share. This impressive performance was closely followed by plug-in hybrid electric vehicles (PHEVs), which registered close to 400,000 units, translating to a 6 percent market share.
A detailed breakdown of plug-in car registrations for the month is as follows:
BEVs: Approximately 862,000 units, constituting a 13 percent market share.
PHEVs: Approximately 398,000 units, making up a 6 percent market share.
Total: 1,260,470 units, reflecting a remarkable year-over-year increase of 38 percent and an overall market share of 19 percent.
Cumulatively, the year 2023 has seen more than 5.8 million plug-in electric cars being registered globally, accounting for around 15 percent of the total volume of new vehicles hitting the roads.
The distribution of plug-in car registrations year-to-date in 2023 showcases a promising trend:
BEVs: Approximately 4.1 million units, constituting a 10 percent market share.
PHEVs: Approximately 1.7 million units, accounting for a 5.0 percent market share.
Total: 5,831,864 units, indicating an impressive year-over-year increase of 40 percent and a substantial overall market share of roughly 15 percent.
Dominant Models and Brands in the EV Market
Tesla continued to shine in the global EV market in June 2023, with its popular Model Y leading the charts with over 132,000 new registrations. The Tesla Model 3 also maintained a strong presence, boasting nearly 69,000 units sold during the month. However, it’s noteworthy that Chinese automakers are gaining prominence, as evidenced by five BYD model families, two GAC models, and one Wuling model securing positions in the top-selling EV models list.
The top 10 best-selling plug-in models for the month of June were:
Tesla Model Y – 132,593 units
Tesla Model 3 – 68,850 units
BYD Song Plus – 42,810 units (2,221 BEVs + 40,589 PHEVs)
BYD Qin Plus – 42,093 units (11,423 BEVs + 30,670 PHEVs)
BYD Yuan Plus (Atto 3) – 36,546 units
BYD Dolphin – 26,627 units
BYD Han – 23,306 units (11,133 BEVs + 12,173 PHEVs)
GAC Aion S – 22,488 units
GAC Aion Y – 20,587 units
Wuling Bingo – 19,740 units
The data from the first half of 2023 indicates that the Tesla Model Y enjoys a substantial lead over other models, with the Tesla Model 3 slightly ahead of the BYD Song family, primarily comprising plug-in hybrids. Interestingly, the Volkswagen ID.4 secured the 11th position, highlighting the competitive landscape of the EV market.
In terms of brand popularity, BYD emerged as the dominant player in the market, registering over 240,000 new units in June 2023. Even Tesla, with its peak performance month, fell short of BYD’s impressive figures, recording over 211,000 units sold. The top 10 plug-in brands for the month were:
BYD – 240,563 units
Tesla – 211,414 units
BMW – 45,380 units
Volkswagen – 45,144 units
GAC Aion – 45,028 units
SAIC-GM-Wuling – 37,085 units
Mercedes-Benz – 33,100 units
Li Auto – 32,575 units
Changan – 29,621 units
SAIC – 26,581 units
Upon analyzing the first half of 2023, it becomes evident that BYD and Tesla have established a significant lead over other brands. Notably, Tesla retains its position as the leading manufacturer of battery electric vehicles (BEVs), while BYD, with its diverse lineup, secures the top position in overall EV sales.
The landscape of the global electric vehicle market is undergoing a transformative shift, with June 2023 witnessing a record-breaking surge in plug-in car registrations. With innovative technologies, increasing consumer interest, and a growing emphasis on sustainability, the future of transportation seems poised to be electrified. As automakers continue to invest in EV research and development, it’s likely that these impressive sales figures will become the new norm, setting the stage for a cleaner and more sustainable automotive future.