Global electric vehicle sales have grown by leaps and bounds in the past five years, increasing from 2 million in 2018 to more than 10 million in 2022, with market share rising from 2.5 percent to 14 percent; the EV percentage in the overall car market is increasing, particularly in China and some European countries.
The global electric vehicle market set a series of sales records in the final months of 2022, especially December, when more than 1.2 million vehicles were sold worldwide, helping full-year sales cross the 10 million thresholds for the first time; the pure electric vehicles (up 57% YoY) grew faster than plug-in hybrids (up 46% YoY), accounting for 72% of all EVs sold.
In 2022, the Tesla Model Y overtook its sibling, the Model 3, to take the top spot with 786,000 units sold. This marks the first time the Model Y has taken the world's best-selling electric vehicle title. In addition, it also ranks among the top five best-selling cars in the world, ranking fourth. Such aggressive sales of the Model Y make one wonder whether it will overtake Toyota's Corolla and become the world's best-selling car by this year.
Second place was just as surprising, with the BYD Song (including BEVs and PHEVs) beating Tesla's Model 3 by a narrow margin (758 units). Notably, the Model 3 not only lost ground to the BYD Song but also lost market share, from 14% in 2019 to 4.7%.
Top 10 Best-Selling Electric Cars in The World (Global Sales by 2022)
Rank
Model
Units Sold
#1
Tesla Model YCompact SUV
786,000BEV
#2
BYD SongCompact SUV
477,094BEV+PHEV
#3
Tesla Model 3Compact car
596,000BEV
#4
Wuling Hongguang Mini EVSmall/city car
424,031BEV
#5
BYD Qin PlusCompact sedan
315,216BEV+PHEV
#6
BYD HanMid-size sedan
237,323BEV+PHEV
#7
BYD DolphinSubcompact hatchback
205,238BEV
#8
BYD Yuan Plus/Atto 3Compact SUV
201,744BEV
#9
Volkswagen ID.4Compact SUV
174,092BEV
#10
BYD TangCompact SUV
151,141BEV+PHEV
The Wuling Hongguang MINI EV dropped out of the top three in 2022 (it has yet to achieve its goal of beating Model 3 in an annual race). After two years of rapid sales growth, the small electric car is a weak market contender, ranking fourth in its segment.
It's worth noting that nine of the TOP 20 best-selling EVs for 2022 are newcomers to the list, which demonstrates that the current EV market is very volatile and diverse.