Electric vehicle (EV) sales are gaining momentum around the world, reaching 18% of global vehicle sales in 2023, and with new competitors bringing more affordable options and new performance features, the market continues to mature, as customers increasingly look to options. electrical.
The Tesla Model Y still holds a comfortable lead over competitors, with 772,364 units sold, which is more than double the sales of the best-selling Tesla Model 3 (364,403), but it is difficult to ignore the increasing spread of Chinese electric cars today around the world.
The five best-selling electric cars are Chinese, including three from BYD, with the Atto 3 being sold in various countries including Germany, the UK, Japan and India.
Meanwhile, leading Chinese automaker GAC also had two models of its Ion EV brand in the global rankings, with the Ion S model selling 160,693 units so far.
Regional market strength is also evident. For Volkswagen’s ID.4 model (120,154 units sold), Europe and China account for the majority of sales. Given increasing cost efficiencies and changing consumer behavior, global electric vehicle sales are expected to make up half of global new vehicle sales by 2017. 2035, according to Goldman Sachs forecasts.
Source:
visualcapitalist
Al-Bilad newspaper alerts various profitable electronic news platforms to the need to be careful, as stipulated in the law concerned with protecting intellectual property rights, regarding the illegality of transferring or quoting the content of this journalistic material, even if the source is indicated.
