The main markets of the planet (China, the United States and Europe) are being electrified at full speed. with a total of 7.8 million units soldelectric cars achieved a global share of 10% over the last year, improving by 68% the records achieved in 2021.
This rapid transformation is mainly due to the momentum of Tesla and Chinese brands; In fact, if we look at the top 10 best-selling electric models in all of 2022, we will see that the first two positions are occupied by the extremely popular Model Y and Model 3, while another six correspond to Chinese proposals. There is only one European vehicle: the Volkswagen ID.4.
With a growth of 91%, the Tesla Model Y managed to register 747,500 units, well above the 482,200 units of the Model 3, which fell 3% year-on-year. The podium is completed by the tiny Wuling HongGuang Mini EVa Chinese urbanite of which 443,400 copies were sent, 14% more than in 2021.
The fourth and fifth positions went to two BYD models, the Dolphin (205,200 units) and the Yuan Plus/Atto 3 (180,600 units). The sixth place is occupied by the Volkswagen ID.4, of which 175,600 units were sold. Although it is not a bad figure, we must not lose sight of the fact that it is the only model next to Tesla available in China, North America and Europe. The rest are only present in one or two of these markets..
China remains a key market for Volkswagen
BYD is also in seventh place thanks to Qin, which improved its sales by 109%, reaching 163,400 units. The GAC Aion Y (119,800 units) and Aion S (117,000 units) were eighth and ninth, closing the ranking with BYD Han, of which 116,500 units were delivered. It is interesting to note that BYD is currently the second largest electric car maker in the world behind Tesla..
One point to note is that even though Volkswagen’s electric car sales are not doing as well as they should in China, this region continues to be key for the German groupsince 47% of ID.4 registrations were made in that country, compared to 39% in Europe and 13% in the United States.
The five main European manufacturers (BMW, Mercedes-Benz, Renault, Stellantis and Volkswagen) are accelerating their investments in electromobility to close the gap with Tesla and the Chinese groups, which currently lead them in key aspects such as cost reduction. Will they be able to reverse this situation?
Source | L’Argus