Automotive Industry: Current State of EV Sales: Difference between revisions

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* Ford market share grew from 5.2% to 8.4%.
* Ford market share grew from 5.2% to 8.4%.
* Volkswagen's market share grew from 4.2% to 6.0%.
* Volkswagen's market share grew from 4.2% to 6.0%.
* Hyundai market share declined to 5.4% from 7.8%.[[File:EV competition 1.png|thumb|683x683px|Source: Yahoo Finance]]
* Hyundai market share declined to 5.4% from 7.8%.[[File:EV competition 1.png|thumb|695x695px|Source: Yahoo Finance]]


=== China Market ===
=== China Market ===


* According to Counterpoint Research, BYD was the top EV seller in China in 2022 with a market share of 29.7%, followed by General Motors(GM) with 8.9% and then Tesla 8.8%<ref>https://www.counterpointresearch.com/china-ev-sales-2022/</ref>.The likes of Volkswagen did not appear in the top 5 list.
* According to Counterpoint Research, BYD was the top EV seller in China in 2022 with a market share of 29.7%, followed by General Motors(GM) with 8.9% and then Tesla 8.8%<ref>https://www.counterpointresearch.com/china-ev-sales-2022/</ref>.The likes of Volkswagen did not appear in the top 5 list.
* According to Reuters, the combined EV market share of Audi, BMW, Volkswagen and Mercedes-Benz added up to only a quarter of BYD's in 2022<ref>https://finance.yahoo.com/news/analysis-german-automakers-fight-defend-165410582.html</ref>.[[File:Top 5 EVs in China 2022.png|thumb|916x916px|Source: CounterPoint Research]]
* According to Reuters, the combined EV market share of Audi, BMW, Volkswagen and Mercedes-Benz added up to only a quarter of BYD's in 2022<ref>https://finance.yahoo.com/news/analysis-german-automakers-fight-defend-165410582.html</ref>.[[File:Top 5 EVs in China 2022.png|thumb|692x692px|Source: CounterPoint Research]]