Global Electric Car Stock in Millions

The last few years of EV sales growth have been remarkable.

BYD and Tesla, China and America’s respective leading EV manufacturers posted record sales for several months in 2023; BYD alone sold 641,000 EVs in the first half of 2023, out-selling Tesla’s 564,000 cars sold.

Analysts are expecting 14.5 million EVs to be sold by the end of 2023, marking a sizeable 45% YoY growth.