Electric cars

Best-selling electric cars (worldwide) in January 2022

Tesla Model Y is No. 1 in the hot electric car market. Registrations rose 87% year-on-year (year-on-year) in January, to more than 603,000 units. The Chinese market was the main driver of growth, as can also be seen on the top sellers list.

In terms of share, 2022 started with plug-in vehicles securing 10% share of the global automotive market, already above last year’s final mark of 9%! We could end this year around 15%, which would mean that the global car market would be firmly in the Disturbance zone already this year.

Last month, BEVs jumped 94% year-on-year while PHEVs were up 72%, mainly driven by the favorable Chinese BEV market, which accounted for nearly two-thirds of all global electric car sales in January.

24 months ago we only had 2 Chinese electric cars in the chart, then there were 9 in January 2021, but with the current surge in China, we now have 17 representatives in the top 20 places! Seventeen! And the three foreigners (Tesla Model Y, Tesla Model 3 and Volkswagen ID.4) can be considered Chinese EV fees, as a large part of their production is made in China. It is therefore not surprising that the current world top 20 looks a lot like the Chinese top 20.

Speaking of Tesla, looking at the chart of best-selling models, there’s good news and bad news for the American automaker. For one thing, the Model Y started the race on the front row, earning its all-time best score in the first month of a quarter, which should mean a record month of deliveries by the end of March. It has been winning the crossover race in terms of global sales for 12 consecutive months now. In contrast, the Model 3 achieved its lowest score since April 2021, only starting the year in 5th. This continues a trend of flattening its growth rate, which we already witnessed at the end of last year. All of this means Tesla’s expected growth this year will come primarily from the Model Y, with the remaining lineup bringing minor improvements to the total tally.

In second place we have the Wuling Mini EV, which saw a significant drop in sales (-27% YoY). It looks like the little EV is starting to suffer from recent copycat competitors, namely the #10 Chery QQ Ice Cream. In only its 3rd month on the market, the ice cream is already scoring 10,000 units/month. SAIC may have found the holy grail of urban EVs, but now it looks like it will have to share…which begs the question: who will be the first to bring this EV concept to market outside of its native market? SGMW? Cherry? Someone else? I mean, SAIC (via MG) and GM are well established across the world. But if they delay too long, Chery will undoubtedly launch it in markets where it is already well established, such as Latin America.

In last place on the podium, we find the BYD Qin Plus PHEV, with a record of 18,449 registrations, followed by another BYD, the Song PHEV, also with a record performance (16,415 units). In fact, of the 7 BYDs in the top 20, four achieved record scores. Besides those mentioned above, the #8 Dolphin continued to ramp up, this time to 10,602 units, while the Tang PHEV recorded a record 8,853 registrations.

Another model that saw a record result is the #20 GAC Aion Y, which saw 6,415 registrations last month. The compact MPV is set to become a familiar face here.

Outside the top 20, a benchmark comes out to the Leap Motor T03, another EV startup model from China, which has had a record 6,007 registrations. The best-selling electric vehicle not present in China is the Hyundai Ioniq 5, with 5,716 registrations. It managed to outperform the Kia Niro EV (5,271 registrations) in this particular subcategory.

Manufacturers: BYD takes the lead

In January, BYD clinched the Monthly Builder title, with a record 93,000 registrations thanks to the resounding success of its long and ever-expanding lineup.

sale of rechargeable electric cars

Tesla was pushed into second place, but overall it was a good month, with its best first month of the quarter indicating that it’s set for another banner month in March. Taking into account the rest of the quarter, the margin enjoyed by the #1 BYD is not significant (42,000 units), the #1 place will surely go to Tesla by the end of March. The question then will be: How far behind will BYD be at the end of March? If the gap at that time will be around 50,000 units or more, then we can say that despite some eroding plugin market share, Tesla will have another walk in the park this year. However, if BYD manages to stay below this threshold, we could have an interesting race on our hands. On the one hand, Tesla will bring Giga Texas and Giga Berlin online. On the other hand, 2022 will be the year when BYD starts exporting electric vehicles in significant volumes. Bring the popcorn, because it’s (might) start to look fun!

But the most striking aspect of last month’s manufacturer rankings is the dominance of Chinese automakers in the top 20. There are 11 brands in the top 20, three of which achieved record results in January. And take into account that January is usually one of the slowest months of the year. The three automakers that achieved record monthly results were Chery No. 8, mainly thanks to the rise of QQ ice cream (off topic: Chery Ice Cream, is it poetic?), #13 Changan and #19 Hozon, another Chinese electric vehicle startup that owes its success to its line of compact crossovers. Building on the crossover success of Hozon, he is now becoming more ambitious. It’s set to launch the Neta S, a sleek midsize sedan that hopes to rival the best in the class.

electric car sales in numbers

Speaking of Chinese EV startups, we have three in the top 20, with XPeng leading the pack at No. 17 – thanks to 12,986 signups. Li Auto is in #18 and Hozon in #19. It looks like these companies have passed their nascent survival tests and are now ramping up their production (and their wallets).

Just outside the top 20, we have a Chinese company that’s kind of the elephant in the room. Geely is finally accelerating its sales to decent volumes (10,751 registrations, a new record), as are their multiple small brands (Lynk & Co, Zeekr, etc.). China’s largest automaker seems to have finally found its home mojo in the VE category. Expect him to jump into the top 20 soon and become a familiar face there.

With February expected to be a slower sales month in China, expect a few traditional brands to bounce back into the top 20 next month.

On the part of equipment manufacturers, BYD (15.5%) is in the lead, with Shanghai Auto (SAIC + SGMW) in 2nd position (8.8%) – just ahead of Tesla (8.5%) and Volkswagen Group (8.5 %). Geely–Volvo (6.2%) is a distant 5th in sales of all electric cars.

Don’t be surprised, however, if Geely catches the top four automakers. Not only does it have the domestic market to grow, but with Volvo’s existing global dealership infrastructure, it will be easier for Geely’s export brands, like Lynk & Co and Zeekr, to successfully sell cars. electricity in foreign markets than their counterparts. compatriots. This has already been proven in markets like the Netherlands, Belgium and France.

Original content from Clean Technica.


 

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