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Tesla Tops Global Electric Vehicle Sales in 2024
In a significant shift towards electric mobility, the global electric vehicle (EV) market saw a surge in 2024, with combined registrations of battery-electric vehicles (BEVs) and plug-in hybrids (PHEVs) reaching over 17.29 million units, marking a 26.1% growth compared to the previous year.
Leading the pack was Tesla, the Californian car manufacturer that maintained its leadership position despite a slight sales decrease from 2023. Tesla sold approximately 1.79 million units worldwide in 2024, making it the global leader in plug-in EV sales. The company's top-selling models, the Model 3 and Model Y, accounted for about 94.7% of their total EV production in that year.
Tesla's success was not just limited to the global market. In the U.S., the company accounted for about 49% of EV sales in 2024, indicating a strong market position both globally and regionally.
While Tesla dominated the scene, other legacy European manufacturers, such as Volkswagen and Porsche, showed strong growth and are among the top EV sellers globally, especially in regions like the UK and Europe. However, their total global sales remain behind Tesla’s.
China, the world's largest EV market, also played a significant role in shaping the global EV landscape. With over half of the world's EVs sold, strong local manufacturers like BYD and SAIC contributed significantly to total EV sales. However, precise 2024 figures for these manufacturers were not detailed in the search results.
BYD, a Chinese manufacturer, led the global EV market in 2024, with combined deliveries of BEVs and PHEVs reaching over 3.84 million units (22.2% of all EV sales). Other notable Chinese manufacturers like Geely, Li Auto, and Wuling also made their mark in the global EV sales, with Geely's plug-in deliveries reaching 458,473 units in 2024, up from 208,342 in the previous year.
European shares of the global EV market slipped in 2024, with the region accounting for a smaller percentage of total EV sales compared to previous years. Despite this, there were some positive developments, such as Aito taking eighth in global EV sales in 2024, with sales volume increasing by 290.1%.
Mercedes-Benz, BMW, and Li Auto also saw growth in their EV sales, with Mercedes-Benz's global EV deliveries increasing by a marginal 0.2% in 2024. BMW sold 535,586 plug-in vehicles in 2024, up 7.1% year on year, while Li Auto finished the year in fifth, with EV sales of 526,353 units, up 40%.
However, not all manufacturers saw growth in 2024. Volkswagen (VW) saw its EV sales and market share fall in 2024, with deliveries dropping 5.8% year on year. Aion's sales also dropped by 22.6% in 2024.
The fluctuation in growth between January and February 2024 was significantly influenced by the Chinese New Year, affecting deliveries in February. PHEV registrations remained in the double-digit range throughout 2024, ensuring the overall EV market remained positive.
BEVs recorded a greater volume of deliveries than PHEVs in 2024, with registrations reaching 10.8 million units for BEVs and 6.49 million units for PHEVs. In December 2024, BYD's deliveries increased by 31% to 421,290 units, while Wuling recorded 98,040 EV sales in December 2024, up 40.2% year on year.
Chery climbed to seventh in December 2024, thanks to a 204.5% year-on-year increase with 50,291 units. Tesla came second in global EV sales in 2024, selling 1.78 million units (10.3% of all EV sales), but manufacturing only all-electric cars.
In conclusion, the global EV market in 2024 was dominated by Tesla, with significant contributions from Chinese manufacturers like BYD and Geely. European automakers also showed growth, but their total global sales remain behind Tesla’s. The market also saw fluctuations due to the Chinese New Year, with BEVs recording a greater volume of deliveries than PHEVs.
Technology and lifestyle intertwined as consumers embraced electric vehicles (EVs) in 2024, with a growing interest in sustainable options for their daily driving needs. The rise of cars like Tesla's Model 3 and Model Y showcased the appeal of cutting-edge technology within this field, as they accounted for a significant portion of Tesla's 1.79 million global sales. Despite the dominance of Tesla, other electric-vehicle manufacturers, such as Geely, also garnered attention in the global market.
