Global Electric Vehicle
Deliveries Recorded 10.83 Mil
Units in 2022, a 61.3% YoY Growth
- BYD and Tesla
ranked 1st and 2nd / Hyundai-KIA ranked 6th
The total number of electric vehicles registered
in countries around the world from January to December 2022 was 10.83 million
units, a 61.3% growth from the previous year. According to the Global Monthly
EV & Battery Shipment Forecast based on the Tracker data provided by SNE Research,
the global EV deliveries in 2023 are expected
to reach approximately 14.78 million units.
(Source: Global Monthly EV
& Battery Shipment Forecast – January 2023, SNE Research)
BYD,
which enjoyed a massive YoY growth of 261% in 2021, posted another trip-digit-growth
of 205% in 2022 with 18.7 million units, taking the top position on the list.
Tesla was outrun by BYD and ranked 2nd despite a 40% growth from the
previous year. The 3rd place was taken by SAIC Motor recording 978,000
units, and Volkswagen ranked 4th with a relatively lower,
single-digit growth. Geely followed the German carmaker with 646,000 units, and
Hyundai-KIA ranked 6th delivering 510,000 units.
(Source: Global EV and Battery
Monthly Tracker – January 2023, SNE Research)
Favorably affected by the circumstances
in the Chinese domestic market, only BYD and Geely among the top 10 companies
recorded a triple-digit growth. While the EV sales volume in China reached 6.56
million units in 2022, a 97.1% increase from the previous year, the EV sales in
Europe and the North American region only saw a 11.2% and 49.8% growth
respectively. This has led to significant changes in market shares held by automakers.
Except the two Chinese companies, other top 10 makers witnessed their shares dropping
from the previous year.
(Source: Global EV and Battery
Monthly Tracker – January 2023, SNE Research)
In
the global EV market of today, competitions have become fierce with companies between
11 and 20 in the ranking delivering more than 120,000 to 300,000 units in 2022.
Furthermore, except Ford ranked 14th, all of them are Chinese automakers,
meaning that a domestic competition inside China has been overheated more than
ever. Amidst market forecasts expecting the Chinese EV market possibly going
through a relatively sluggish year in 2023, attentions should be drawn to ripple
effects from the IRA implementation by the US government.
Forecast is updated every month in accordance
with the actual aggregated data of each month.
