World EV Sales Now 16% Of World Auto Sales
were up 50% in May 2023 compared to May 2022, rising to 1,057,00 units. In the end, plugins represented 16% share of the overall auto market . This means that the global automotive market is firm in theFull electric vehicles represented 70% of plugin registrations in March, keeping the year-to-date tally also at 70% share.Looking at May best sellers, there were no surprises on the podium.
There are plenty of price-sensitive markets where small cars are popular and that currently do not have good alternatives to ICE models. BYD’s city car would be a perfect fit. As such, it could even become the Shenzhen company’s best selling model overall! Still concerning BYD Group, the Frigate 07 was also up, rising one position to #19, and should jump a few more positions in the future, so a 15th spot could be in the cards soon.
But the biggest surprise of the month, when it comes to the brand ranking, was the record performance of … Toyota! In the second half of the table, one highlight was Kia, which climbed one position to #14. Additionally, Toyota profited from the record score to rise to the 17th position, proving that EVs are a race of persistence and not a sprint.Finally, Hozon joined the table, in #20, making it the 8th Chinese brand in the table., leader BYD gained share, going from 21.6% to its current 21.9%, while Tesla was down, as expected, to 14.8% share .
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