Know The Global Electric Vehicle Market Share in 2023

The market for vehicles (EVs) has experienced growth in recent years, driven by a global shift towards sustainable transportation options. The market share data for 2023 showcases the players driving the expansion of this industry.

Global Electric Vehicle Market Share

Tesla (19.9%)

Global Electric Vehicle Market Share

Tesla continues to lead the list of global electric vehicle market share and is known for its cutting-edge technology and diverse range of vehicles such as the Model S, Model 3 Model X, and Model Y.

BYD (17.1%)

image 21 Know The Global Electric Vehicle Market Share in 2023

Chinese car manufacturer BYD has secured a market share with its array of electric vehicles including passenger cars, buses, trucks, and forklifts.

GAC Aion (5.2%)

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GAC Aion, a division of Guangzhou Automobile Group has emerged as a significant player in China by utilizing advanced technologies to meet the rising demand for environmentally friendly transportation.

SAIC GM Wuling (4.9%)

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The collaboration between SAIC Motor, General Motors, and Liuzhou Wuling Motors has led to the success of SAIC GM Wuling in manufacturing vehicles.

Volkswagen (4.6%)

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Established automotive powerhouse Volkswagen has made investments in electrification by introducing models, like the ID.3 and ID.4 to secure a noteworthy portion of the EV market.

BMW (3.6%)

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BMW has recently added electric vehicle models such as the i3 and iX3 demonstrating its dedication to promoting transportation solutions and cutting-edge advancements. It is among the global electric vehicle market share.

Hyundai (2.9%)

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Hyundai boasts a selection of cars such as the Kona Electric and Ioniq Electric tailored to meet the needs of environmentally conscious customers.

Mercedes Benz (2.6%)

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Mercedes Benz has unveiled its EQ series, which includes models like the EQC and the upcoming EQS aiming to solidify its position in the high-end electric vehicle market segment. It is on the list of global electric vehicle market share.

MG (2.3%)

image 22 Know The Global Electric Vehicle Market Share in 2023

MG, owned by SAIC Motor, has revitalized its brand image with electric vehicles like the ZS EV and MG5 EV, offering affordable mobility options.

KIA (2.0%)

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KIA, a subsidiary of Hyundai Motor Company, has made strides in the EV market with models like the Soul EV and e-Niro, combining practicality and eco-friendliness. Kia sums up the list of the global electric vehicle market share.

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