AUTOMOTIVE STUDY 2025 / Šaroch (ed.) et al.

Fig. 1.12: Projected EV share of passenger car sales to 2030

Source: IEA; BEVs and PHEVs; according to the Stated Policies Scenario (STEP), i.e., the policy settings for EVs in each country China’s BYD was the world’s largest producer of electric vehicles in 2023, with production of pure electric vehicles and plug-in hybrids exceeding 3 million units. Tesla came in second place with 1.8 million vehicles. Volkswagen came third with a production of 1 million units. Fig. 1.13: World production of EV by manufacturer, 2023 (in thousands of units)

Source: EV Volumes; BEV a PHEV In terms of EV sales by automotive conglomerates, BYD has claimed a 22% share of the global market with more than 3 million new registrations in 2023. Tesla came in second place with a 13.2% share and sales of 1.8 million units. BYD and Tesla together accounted for more than a third of the market.

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