World EV Sales - Full Year 2024 (OEMs)

In 2024, Tesla was the best selling BEV maker, with 17% share, followed by BYD (16%)...

...But if we add PHEVs to the tally, BYD jumps ahead, with a robust 25% share, while Tesla drops to Second place, with 10% share, less than half of BYD...

In both cases, Geely ended the year in 3rd, with around 8% share.

This means that in 2025, Geely might have a go at Tesla's runner-up spot in the BEV+PHEV ranking.

Best Selling Legacy OEM in both rankings was the VW Group, 5th in the BEV table, and 4th in the PHEV+BEV table.

My bets for the 2025 top 5 OEMs:

xEV

1. BYD
2. Geely
3. Tesla
4. SAIC
5. VW Group

BEV

1. BYD
2. Tesla
3. Geely
4. SAIC
5. VW Group

What are your bets?

World EV Sales - Full year 2024 (Brands)

Rising BYD was the best selling EV maker in 2024

Tesla was #2 and Wuling #3

Best Selling legacy brand was BMW(!), in 5th, behind a rising #4 Geely

Looking at 2025, expect BYD to continue rising, Tesla to drop below the 10% mark, but retain the 2nd position, while Geely will go all out and try displace Wuling from the 3rd spot.

Considering the difference in firepower between both brands, not only regarding lineup, but also number of markets where both are present, it is likely that Geely will end the year in 3rd, this being the podium by the end of the year:

1. BYD

2. Tesla

3. Geely

A final note on Toyota, the legacy brand that most progressed in the top 20(!)

Comparing 2023 with 2024, the Japanese car maker jumped from #19 to #14, growing its market share by almost 50%(!), to 1.5%.

And with Toyota apparently being serious in making the new Urban Cruiser crossover a success, it should continue climbing in the table.

(Well, it was about time for Toyota to take the EV game seriously)  

World EV Sales - Full Year 2024 (Models)

Over 17 million EVs were sold in 2024 globally, a 26% jump regarding 2023!

(And some media spent the whole year saying that EV sales were going down...)

A few numbers for context:

- China grew 30% YoY and is now at 48% PEV share(!)

- The USA grew 9% YoY in 2024

- Sales indeed stagnated in Europe (-1%)...

- ...But the Rest of the World grew 27% YoY!

So regardless of what happens in the USA and Europe, the EV Revolution is happening. 

As for the final number for the EV Share in 2025, if in 2024 we ended with 22% share, this year i would say somewhere 25% and 30%. Probably closer to the latter...

What do you think?

EV Sales is Back in Business - Europe Full Year 2024

The year ended in Europe with a 23% plugin share (16% BEV).

This was more or less on par with the 2023 result (24% PEV, 16% BEV), and also 2022 (23% PEV, 14% BEV).

Expect this year things to improve significantly, especially on the BEV side, thanks to the EU's 2025 CO2 targets.

So...Maybe 28% PEV share in 2025? What do you think? Am i being pessimistic or optimistic?

EV Sales is Back in Business - China Full Year 2024

 

25% BEV Share in 2024

48% share if we include PHEVs.

So...2025 could end with 63% PEV share?

Too little? Too much? What is your bet?

April 17th update

EV Sales

World Top 20 February 2022 - https://cleantechnica.com/2022/04/01/the-top-20-electric-cars-in-the-world-february-2022/

Europe February 2022 - https://cleantechnica.com/2022/03/28/20-of-new-cars-in-europe-have-a-plug/

China February 2022 - https://cleantechnica.com/2022/03/25/20-plugin-vehicle-market-share-in-china-byd-shining/

Germany February 2022 - https://cleantechnica.com/2022/03/19/tesla-model-3-model-y-top-ev-sales-in-germany-in-february/

France February 2022 - https://cleantechnica.com/2022/03/16/plugin-vehicles-20-of-new-car-sales-in-france/

Netherlands February 2022 - https://cleantechnica.com/2022/03/15/lynk-co-28-of-new-cars-sold-in-netherlands-now-plugin-cars/

Autovista 24 articles

Toyota electrification efforts

https://autovista24.autovistagroup.com/news/analysis-toyota-needs-renewed-focus-electrification/

UK EV Deep Dive

https://autovista24.autovistagroup.com/news/uk-car-market-europes-pioneer-for-electric-car-adoption/

March 14th update

 World Top 20 January 2022 - https://cleantechnica.com/2022/03/05/the-worlds-top-selling-electric-vehicles-january-2022/

Europe January 2022 - https://cleantechnica.com/2022/03/02/100-electric-vehicles-10-of-new-car-sales-in-europe-in-january/

China January 2022 - https://cleantechnica.com/2022/03/01/the-rise-rise-of-the-chinese-ev-market-17-market-share-in-january/

Germany January 2022 - https://cleantechnica.com/2022/02/22/22-ev-market-share-in-germany-fiat-500e-is-1/

France January 2022 - https://cleantechnica.com/2022/02/10/18-of-new-cars-were-plugin-vehicles-in-france-in-january/

Netherlands January 2022 - https://cleantechnica.com/2022/02/09/plugin-vehicles-23-of-new-car-sales-in-netherlands-in-january/