Global EV Market Share Reaches 15% In 2023: Top Players, Vehicles And Companies Dominating Sector
Portfolio Pulse from Chris Katje
The global electric vehicle (EV) market share reached 15% in 2023, with a 41% YoY surge in July. Tesla Inc (NASDAQ:TSLA) and BYD (OTC:BYDDF) are among the top players, with Tesla Model Y and BYD Song being the top-selling EVs. Other companies in the top 10 include General Motors (NYSE:GM), Volkswagen (OTC:VWAGY), BMW (OTC:BMWYY), Li Auto (NASDAQ:LI), and Hyundai Motor (OTC:HYMLY). The US lags behind other markets with only 5.8% of all new vehicles sold in 2022 being EVs.
September 11, 2023 | 9:40 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
BMW's presence in the top EV companies could positively impact its stock.
BMW's presence in the top EV companies indicates a positive outlook for the company, which could lead to an increase in its stock price.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
BYD's leadership in the EV market could positively impact its stock.
BYD's leadership in the EV market indicates a positive outlook for the company, which could lead to an increase in its stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
GM's presence in the top EV companies could positively impact its stock.
GM's presence in the top EV companies indicates a positive outlook for the company, which could lead to an increase in its stock price.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Hyundai Motor's presence in the top EV companies could positively impact its stock.
Hyundai Motor's presence in the top EV companies indicates a positive outlook for the company, which could lead to an increase in its stock price.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Li Auto's presence in the top EV companies could positively impact its stock.
Li Auto's presence in the top EV companies indicates a positive outlook for the company, which could lead to an increase in its stock price.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Tesla's strong market share gains in the EV sector could positively impact its stock.
Tesla's strong market share in the EV sector indicates a positive outlook for the company, which could lead to an increase in its stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Volkswagen's presence in the top EV companies could positively impact its stock.
Volkswagen's presence in the top EV companies indicates a positive outlook for the company, which could lead to an increase in its stock price.
CONFIDENCE 70
IMPORTANCE 75
RELEVANCE 70