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Tesla Dethroned? What’s the Top-Selling Pev Brand of 2022?

  • EV Charging
  • Vanessa Norris
  • 5 minutes

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Did you know? EVs account for more than 15% of global passenger vehicle sales. They are the undisputed choice of most first-time billionaire drivers. Now now, who is the top PEV brand of 2022? We know, a random Tesla EV image just popped up in your head! But this time, someone else took the cake! Wanna know who? Read to know. 

Global PEV market updates (Q2 2021 – Q3 2022) 

Overview 

  • In the third quarter of 2022, global passenger electric vehicle (PEV) sales increased 71% yearly. 
  • The top 3 among the top five best-selling PEV brands are based in China, where they are primarily sold. 
  • Domestic expansion is propelling BYD’s global PEV market share to 20%. 
  • Tesla’s market share is declining as global shipment growth in the affordable segment accelerates. 
  • In Q3 of 2022, the global electric vehicle market share accounted for more than 15% of global passenger vehicle sales.  

Top PEV Brands of 2022  

The winner and runner-up for the year 2022 are on different levels. And as a surprise to many, BYD is the top EV brand of 2022. BYD holds a lead of almost 400,000 units over the runner-up Tesla. Following BYD and Tesla, the SGMW joint venture comfortably takes the third position and Volkswagen the fourth. 

According to statistics, global passenger electric vehicle* (EV) sales increased 71% year on year in Q3 2022. Battery EVs (BEVs) accounted for nearly 74% of total EV sales, with plug-in hybrid EVs (PHEVs) accounting for the remainder. 

Since EVs are taking over, it’s best to have one by now! We make it even easier for you to switch to electric vehicles (EVs) by helping you find the best charging experience possible. 

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In 2022, China continued to be the market leader in EV sales, followed by Europe and the United States. China’s EV sales increased by more than 100% yearly, surpassing 1.7 million units from 0.88 million units in Q3 2021. BYD Auto maintained its lead in the global EV market during the quarter. BYD’s record streak extended last quarter of 2022, with over 226,000 registrations, its ninth consecutive record. Despite finishing second for the month, Tesla can’t complain because it had its biggest off-peak month, with 156,000 cars registered. 

Reigning BYD 

Globally, BYD sold 911,140 pure electric vehicles in 2022. Tesla was the first carmaker to sell more than one million BEVs in a year, with 1.31 million sold in 2022. BYD is not far behind and will certainly be the second automaker to do so. 

In 2022, the company sold 1,863,494 plug-in vehicles, which are currently the only vehicles manufactured by BYD. By the stats, BEVs will account for 49% of BYD’s 2022 “new energy vehicle” (NEV) sales. In 2022, BYD’s NEV sales increased by 209%, while its BEV sales increased by 184%. That’s a big year for BYD! 

BYD sold 235,197 plug-in vehicles in December alone, setting a new monthly record for the firm. BYD sold more than 200,000 plug-in vehicles for the fourth month. 2.82 million sales are obtained by multiplying the December number by 12, which is a rough estimate of an annual projection for 2023. Assuming 50% of sales are BEVs, you get 1.41 million sales, slightly more than Tesla delivered in 2022. Naturally, with such rapid development, many older models have seen significant increases in monthly sales while new models have flooded the market.  

 

BYD Model  Units sold in January 2022  Units sold in December 2022 
BYD Song  22,449  70,079 
BYD Han  12,780  30,043 
BYD Yuan  8,596  29,468 
BYD Dolphin  10,602  26,074 
BYD Qin  26,542  26,206 
BYD Tang  9,060  20,165 
BYD Seal  0  15,378 
BYD Destroyer 05  0  6,107 
BYD Frigate 07  0  1,805 

BYD in the USA 

PEV Brand of 2022

For the time being, BYD focuses solely on buses in the United States. BYD has decided it will not be marketed to private users in the United States. The e6 will be a fleet-only vehicle in the United States, as the firm focuses on electric bus sales in the region. Suppose the e6 is ruled out, and BYD follows through on its promises to phase out ordinary gasoline vehicles from its lineup. In that case, one of the company’s upcoming hybrid models could be viable.  

Other top PEV brands of 2022

In Q3 2022, Tesla’s global sales increased 43% yearly to over 343,000 units. This quarter, the company saw increased demand for its vehicles in Europe. The smoother production ramp in its Berlin factory contributed to a record number of Model Y deliveries in Germany this quarter. However, due to logistical bottlenecks, deliveries fell short of expectations. 

Wuling grew 31% yearly to take third place in the global EV market. Since its release in the second half of 2020, the brand’s Hongguang Mini EV model has been the undisputed market leader. Mini-electric car sales are high in China because they are less expensive, qualify for subsidies, and serve the purpose. 

Volkswagen’s EV sales increased by 28% year on year to recover from a drop in the second quarter. During the quarter, the ID.4, ID.3, and ID.6 series were the top-selling Volkswagen models. In China, the company’s EV sales increased 79% year on year and 35% quarter on quarter. Although sales in Europe and the United States recovered sequentially, neither region experienced YoY growth. 

GAC Motor surpassed BMW and Mercedes-Benz to become the fifth best-selling brand. The manufacturer sold over 85,000 units in the third quarter of 2022, representing a 145% increase year on year. GAC pioneered the Aion series, the Aion Y being the best-selling model. The company only operates in China. 

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