# Know The Global Electric Vehicle Market Share in 2023

URL: https://technosports.co.in/global-electric-vehicle-market-share-in-2023/  
Published: 2024-03-16  
Updated: 2024-03-16  
Author: Ishika Setia

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](https://technosports.co.in/wp-content/uploads/2024/03/image-21-193-jpg.webp)

[Tesla](https://technosports.co.in/?s=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%)**

![](https://technosports.co.in/wp-content/uploads/2024/03/image-21.png)

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%)**

![](https://technosports.co.in/wp-content/uploads/2024/03/image-22-7-jpg.webp)

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%)**

![](https://technosports.co.in/wp-content/uploads/2024/03/image-22-8-jpg.webp)

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%)**

![](https://technosports.co.in/wp-content/uploads/2024/03/image-22-9-jpg.webp)

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%)**

![](https://technosports.co.in/wp-content/uploads/2024/03/image-22-10-jpg.webp)

[BMW](https://www.bmw.com/en/index.html)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%)**

![](https://technosports.co.in/wp-content/uploads/2024/03/image-22-11-jpg.webp)

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%)**

![](https://technosports.co.in/wp-content/uploads/2024/03/image-22-12-jpg.webp)

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%)**

![](https://technosports.co.in/wp-content/uploads/2024/03/image-22.png)

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%)**

![](https://technosports.co.in/wp-content/uploads/2024/03/image-21-194-jpg.webp)

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.

## **FAQs**