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In the dynamic world of electric vehicles (EVs), Tesla and BYD have solidified their positions as industry leaders in 2024. The top 10 best-selling EVs of the year are a testament to this dominance.
The Tesla Model Y emerged as the undisputed leader, with an impressive 1.1 million units sold and an 11% market share. The Model Y's success can be attributed to its versatile design and cutting-edge technology, making it a popular choice among consumers worldwide.
The Tesla Model 3 followed closely in second place, with 529,000 units sold and a 4.9% market share. Despite facing increased competition, the Model 3 remains a highly sought-after EV, representing a significant portion of the global EV market.
The BYD Seagull, also known as the Dolphin Mini in some markets, claimed the third spot with 472,798 sales and a 4.4% market share. This impressive performance marks a notable growth for BYD, surpassing the Tesla Model 3's monthly sales in mid-2024.
The BYD Yuan Plus, or the Atto 3 in some regions, rounded out the top four with 339,656 units sold.
Other top sellers included the Ford Mustang Mach-E, Hyundai Ioniq 5, and the Wuling Mini, although exact sales figures for these models beyond the top five are less detailed in the sources.
In the plug-in hybrid (PHEV) market, the BYD Song commanded the top spot with 76,433 units sold, a 10.3% market share, and a 23.4% year-on-year increase in sales.
The Wuling Mini finished fifth in both the BEV and PHEV markets, with 261,182 registrations in the BEV category and 31,255 units sold in the PHEV category.
The Tesla Model 3 moved up to second place in the BEV market in December, with 58,407 deliveries and a 4.8% market share.
The Aion Y, Xiaomi SU7, and Geely Geome Xingyuan also made appearances in the top 10, further demonstrating the diverse range of popular EV models available to consumers.
Global EV sales reached approximately 17 million units in 2024, with battery electric vehicles (BEVs) accounting for about 10.8 million units. The top EVs largely corresponded to compact crossovers and affordable small EV models, driving mass adoption in various markets, including China, the U.S., and emerging markets like Latin America.
The BEV market saw a total of 10.8 million registrations, an increase of 13.6%, while the PHEV market had 6.5 million registrations, an increase of 54.4%.
This data, derived primarily from aggregated global sales data reported in mid-2025, highlights the strong dominance of Tesla and BYD in the global EV market. While the exact rankings below the top five are less consistent among sources, it is clear that Tesla's and BYD's models have a significant impact on the industry.
The strong dominance of Tesla and BYD in the electric vehicle (EV) market is evident, as shown by the top 10 best-selling EVs of 2024, where the Tesla Model Y leads with an impressive 1.1 million units sold, followed by the Tesla Model 3 with 529,000 units. The BYD Seagull, in third place, has an impressive performance with 472,798 sales, and the BYD Yuan Plus rounds out the top four with 339,656 units sold.
In the plug-in hybrid (PHEV) market, BYD's Song secured the top spot, with 76,433 units sold, indicating a notable growth for the brand.
The diverse range of popular EV models includes the Ford Mustang Mach-E, Hyundai Ioniq 5, and Wuling Mini, among others.
Despite the inconsistency in rankings below the top five among sources, it is clear that Tesla's and BYD's models have a significant impact on the EV industry, contributing to the global sales of approximately 17 million EV units in 2024, with battery electric vehicles (BEVs) accounting for about 10.8 million units.
