Global passenger EV sales in Q1 2023 rose 32 percent. BYD dominates the market with 21 percent share while Tesla holds the second spot, with 16 percent share
More than 2.3 million EVs have already been sold in the first quarter. As the Global Electric Vehicle Outlook 2023 reported a 55% increase in 2022 for the global sales of electric vehicles, this growth is expected to continue increasing this year by 35% to 14 million vehicles sold.