Electric vehicles are undoubtedly in high demand. Up till they take over the market, EV sales are skyrocketing owing to certain factors, including government subsidies, rising fuel prices, and new emissions regulations. Remarkably, Tesla remains invincible in the industry as it drives the future of clean mobility as reported by InsideEVs.
Based on the data provided by CleanTechnica, battery-electric vehicles made up 10% of the global auto market in July. Meanwhile, the number of plugin vehicles registered globally increased 61% year over year in July. It marked the strongest first month of any quarter yet with 778,000 units.
In addition, plugless hybrids declined for the fourth consecutive month, while plugins made up 14% of the total market share.
Meanwhile, Tesla and BYD dominate China’s market as other automakers lag behind the two. With 160,061 total sales, BYD led the market for plugin vehicles worldwide, while Tesla came in second with 52,084 sales for overall brands in July. Remarkably, Volkswagen surpassed SMGW in recent months and came in third for the top world plugin car sales by brand with 46,400 units sold.
BYD sold 800,745 plugin cars between January and July, accounting for 16.2% of the global market share. In that period, Tesla sold 617,309 units, accounting for 12.5% of the market share.
However, Tesla may still surpass BYD at the end of this quarter with an anticipated successful September sale, as claimed by Pontes. Other automakers with substantially lower sales are SGMW with 273,292, Volkswagen with 204,510, and BMW with 181,585, rounding out the top five.
Despite Tesla sparking the electric vehicle uptake, it is no doubt that BYD is now challenging it. As manufacturers strive to boost clean mobility, electric vehicles rapidly overtake conventional automobiles in market share.