Shulou(Shulou.com)11/24 Report--

CTOnews.com, June 14, Counterpoint Research has now released the latest research report on tracking global passenger electric vehicle sales.

Statistics show that Tesla Model Y has become the world's best-selling passenger car for the first time, but Tesla's market share lags behind BYD's; sales of electric cars are expected to exceed 14.5 million by the end of 2023.

Global passenger electric vehicle sales rose 32 per cent year-on-year in the first quarter of 2023, according to Counterpoint. Electric vehicles accounted for 1/7 of car sales in the first quarter of 2023; pure electric vehicles accounted for 73% of all electric vehicle sales in the quarter, while plug-in hybrids accounted for the rest.

In the first quarter of this year, the top 10 electric vehicle models of Tuyuan Pexels accounted for 37 per cent of total passenger electric vehicle sales. Tesla Model Y is still the best-selling model in the world, followed by Tesla Model 3 and BYD Song. In the first quarter of 2023, Tesla Model Y performed so well that it even surpassed traditional fuel cars to become the best-selling passenger car in the world.

CTOnews.com noted that the United States overtook Germany to become the world's second largest electric car market in the first quarter of 2023, while China remained in the lead.

Although total passenger car sales in china fell 12 per cent, electric vehicle sales rose 29 per cent year-on-year, analysts said. Us electric car sales surged more than 79 per cent this quarter compared with the same period last year. In the first quarter of 2023, the top 10 automobile groups (including 48 car brands) dominated the global electric vehicle market, accounting for 3/4 of global electric vehicle sales.

"Global electric vehicle sales are mainly driven by China, which accounted for 56 per cent of total electric vehicle sales in the first quarter of 2023," said analyst Abhik Mukherjee, referring to market developments. "

China's elimination of subsidies for new energy vehicles led to lower-than-expected sales of electric vehicles in January 2023. Tesla slashed the price of his model around the world in January, and other car brands announced similar price cuts for their models from February, boosting electric car sales. In February and March, nearly 40 automakers, including BYD, Ulay, Xiaopeng, Volkswagen, BMW, Mercedes-Benz, Nissan, Honda and Toyota, cut their prices by hundreds of dollars to tens of thousands of dollars. it finally sparked a fierce price war in China. At first, it was thought that the price war would end soon and OEM manufacturers would benefit from sales growth. However, as the price war continues, several Chinese automakers have reported reduced profits and even losses. "

According to our forecast, global sales of electric vehicles are expected to exceed 14.5 million by the end of 2023. With the implementation of tax credits and subsidies for electric cars in the United States, sales of electric vehicles in the United States are expected to increase significantly this year. To meet the eligibility criteria for tax credits, automotive OEM manufacturers are working with battery suppliers and setting up battery manufacturing plants across North America. As a result, the United States is expected to overtake the European Union in the electric vehicle battery manufacturing competition. "

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.