Plug-in Electric Vehicle Manufacturers – Global Market Share | extra (2023)

Tesla was ranked as the top-selling EV maker globally after selling nearly 936,200 units in 2021. Tesla's sales volume corresponds to a market share of almost 14 percent. Volkswagen Group and BYD were among the runners-up.

Plug-in electric vehicles explained

Plug-in EV registrations are on the rise in 2021 with the Chinese EV marketgrowing by 155 percent annually. There are two types of plug-in electric vehicles: battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). Both contain a charging plug and a battery that can supply the vehicle with electricity independently. However, a PHEV also contains a conventional internal combustion engine that kicks in when the battery reaches a low level. Therefore, a BEV is the only zero-emission vehicle. BEVs are a growing market, withworldwide sales 2021more than double the sales of 2020.

What kind of electric vehicles do manufacturers build?

Manufacturers such as SAIC andBavarian Motor Works (BMW)It produces both battery electric vehicles and plug-in hybrids, but Tesla only makes pure electric vehicles. The American company launched its first battery-powered car, the Roadster, in 2008. 2021,Tesla model rangeincludes the Model S, Model 3, Model X, and Model Y vehicles. The Model 3 was thebest-selling plug-in electric vehicle model worldwidethe same year, although six of the top ten PEV models were from Chinese brands, reflecting the accelerating EV market in Asia-Pacific.


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