Electric vehicle sales continue to rise around the world and the Tesla Model Y became the third best-selling passenger car in the world in 2022, just behind by the market-leading Toyota RAV4 and Toyota Corolla Sedan.
The latest analysis of the automotive industry by JATO Dynamics estimates that 79.4 million new vehicles were registered globally in 2022. This represents a 2% decrease from the 80.7 million units sold last year primarily due to supply chain disruptions and semiconductor shortages in North America and Europe.
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Of all the new vehicles sold last year, some 7.37 million of them were battery-electric vehicles. Sales of BEVs surged by 66% over 2021, an increase of 2.9 million units. Increased demand and deliveries of BEVs mean they accounted for 9.3% of the total new car market across the globe and proved particularly popular in China and Europe, securing 15.6% and 12.2% market share respectively.
Tesla continues to dominate the EV market and its sales figures jumped so much that it now sells two of the world’s top 10 best-selling vehicles. Coming in third place was the Tesla Model Y with an estimated 747,000 examples being delivered to customers. It trailed the Toyota Corolla with 992,000 units sold and the Toyota RAV4 with 1.016 million units being sold.
The Model Y’s sales success saw it beat out the likes of the Honda CR-V with 733,000 sales, the Toyota Camry with 674,000 sales, the Toyota Hilux with 632,000 sales, and the Nissan Sentra with 566,000 sales. In 10th was the Tesla Model 3 with 482,000 sales. Importantly, these figures are not precise and use sales data from 53 countries analyzed by JATO as well as a further 95 markets where JATO made estimations in.
The analysis also returned some other intriguing figures. For example, the number of cars sold by Chinese brands in overseas markets jumped 48% to almost 1.5 million vehicles. JATO also found that the global share of SUVs rose from 39.7% in 2021 to 41.3% in 2022, translating to a record 32.8 million SUV sales.
