World EV Sales Report — Tesla Model Y is the Best Selling Model in the World!

Tesla’s crossover dethrones the Toyota RAV4 in the overall global market in another record year for EVs.

Plugin hybrid electric vehicles ended the year growing faster than BEVs — +47% year over year versus +30% YoY. That allowed them to end the year with 31% of plugin EV sales, up 3 percentage points from the 28% of 2022. Interestingly, the EV sales breakdown between the two powertrains has been balancing between 31% and 26% since 2018, giving credit to those who say that PHEVs will still be around for a while.

Just below, the BYD Song was again runner-up, hitting a record 76,086 registrations. That could possibly be its peak performance, given that the just-landed Song L will steal a significant volume of sales from it in 2024, as will the future Sea Lion, BYD’sThe last place on the podium went to the Model 3, which had more than 56,000 deliveries, ending well ahead of the #4 BYD Qin Plus.

Source: Energy Industry News (energyindustrynews.net)

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