Electric Vehicles = 10% of New Vehicle Sales Globally!
Global plugin vehicle registrations were up 61% in July 2022 compared to July 2021, reaching 778,000 units. This is the best result ever for a first month of a quarter. So, expect not only that Q3 will be the best quarter ever for plugins, but also that September will provide theSeptember will be the first time the world reaches one million plugin vehicle registrations in a month
Year to date, the plugin share remained at 12% . That’s all great, but the internet loves lists, so here you go:Looking at the monthly best seller table, the BYD Song won its first global Best Seller trophy, thanks in good part to the PHEV version scoring a record 32,367 registrations. The Song also benefited from a slower than usual month from the little Wuling Mini EV , as well as the usual slow first month of the quarter from Tesla .
Chinese legacy OEMs, feeling the heat from local startups, are now going full speed ahead towards EVs.of Chinese automakers, the almighty Geely, is now pushing forward with all guns blazing and an eye clearly on BYD, its most direct threat. Outside the top 20, we had three Geely models scoring record results. The Geometry A reached 5,286 units. The Geometry E had 5,171 units. The Emgrand L Hi-X PHEV registered 5,586 units.
Volkswagen confirmed its return to form by scoring 46,400 registrations, allowing it to surpass SMGW and end the month in the last place on the podium.came from Chinese legacy OEMs. In #5, we have GAC, benefitting from the popularity of the Aion lineup with a record 25,094 registrations. In #6, the surging Geely reached 24,599 units, and should go above 30,000 units soon. In #7, there’s Chery taking profit from its eQ1/QQ Ice Cream.
And even if BYD ends up losing to Tesla, it will be the first time since 2018 that anyone has been able to challenge Tesla’s dominance of the market, which can only be described as a positive development towards a more mature market. Looking at the remaining top 20, the highlights were rising Dongfeng and Geely climbing to #13 and #15, respectively, with Geely expected to climb a few more positions in the coming months.
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