Counterpoint: global EV sales up by 61% YoY in Q2; BYD is the market leader

29 August 2022, 02:55:18

Counterpoint: global EV sales up by 61% YoY in Q2; BYD is the market leaderMarket research agency Counterpoint reports that the global passenger EV sales grew 61% YoY to reach 2.18 million units in Q2 2022. In total EV sales, battery electric vehicles (BEVs) accounted for almost 72%, and plug-in hybrid electric vehicles (PHEVs) for the rest. China remained the market leader in EV sales, followed by Europe and the US. China's EV sales increased by almost 92% YoY in Q2 2022 to reach 1.24 million units from just 0.64 million units in Q2 2021.

BYD Auto: For the first time, BYD Auto became the top-selling EV brand, dethroning Tesla. During Q2 2022, BYD Auto shipped more than 354,000 EV units, an increase of 266% YoY. The company officially stopped production and sales of internal combustion engine vehicles in March 2022 and has been focusing on the development of BEVs and PHEVs. More than 60% of BYD’s sales during the quarter came from its top three models – BYD Song, BYD Han, and BYD Qin. The company is slowly penetrating the European market. It has already begun operations in Norway and is looking to start doing business in Germany, Sweden, and the Netherlands.

Tesla: Tesla's global sales during Q2 2022 grew 27% YoY to over 254,000 units, falling short of expectations. Although business in the US increased, its China business was affected by COIVD-19 shutdowns. Tesla sold just 98,000 cars in China during Q2 2022. Cumulative sales in China during April and May fell by 49% YoY. This was the lowest for the automaker since COVID-19-hit 2020. But its sales during June improved by almost 115% YoY. Despite COVID-19 clouding Tesla’s Q2 sales, it remained the global leader in the BEV segment.

Wuling: The joint venture between SAIC, GM and Wuling has proved to be a success as the Wuling Hongguang Mini EV is the best-selling EV model in China. The model has been the undisputed market leader since its release in the second half of 2020. During Q2 2022, Wuling grew by 16% YoY to hold the third rank in the global EV market.

BMW: BMW's EV sales during Q2 2022 increased by 18% YoY. The company has a more prominent presence in the PHEV segment. However, its BEV sales experienced a higher QoQ growth rate (18%) in Q2 2022 compared to its PHEV sales (2%). BMW’s aim to have 2 million BEV units on the road by the end of 2025 is motivating it to make significant developments in the EV category. The BMW X3 and i-series models are spearheading the company’s push in the BEV segment, while the 5-Series, 3-Series and X5 models are doing the same in the PHEV segment.

Volkswagen: Volkswagen's EV sales declined 9% YoY in Q2 2022. Its shipments across Europe and the US declined by 44% YoY and 74% YoY, respectively. Bottlenecks in the supply of semiconductors and other automotive components together with rising inflation pushed EV sales down in these two markets. However, sales in China grew 115% YoY in Q2 2022. Apart from the supply chain crisis, the company’s internal issues and failure to develop new proprietary software for its vehicles are impacting the company’s EV shipment targets.

The top 10 EV models accounted for more than 30% of global EV sales in Q2 2022. Tesla’s Model Y remained the best-selling EV model. Wuling’s Hongguang Mini EV moved up to second place, pushing Tesla’s Model 3 to third place. The Hongguang Mini EV’s long streak of being the best-selling model in China was broken by the Model Y in June 2022. Six out of the top ten best-selling EV models during the quarter were from Chinese OEMs and are mostly only available in China. Source

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EV Specifications

Complete specifications of EVs, grouped according to their brand and year

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Featured

Specifications of some of the most interesting and anticipated EVs.

2023 Rivian R1S

2023 Rivian R1S Adventure Dual-Motor Max Pack

Doors: 4, Seats: 7
Length: 200.8 in / 5100 mm
Height: 77.4 in / 1966 mm
Location: Rear
Location: Front

2023 Lexus RZ 450e

2023 Lexus RZ 450e Luxury

Doors: 5, Seats: 5
Length: 189.2 in / 4805 mm
Height: 64.4 in / 1635 mm
Curb weight: 4662.78 lb / 2115 kg
Electric motor #1: 80 kW, 168 Nm, Location: Rear
Electric motor #2: 150 kW, 266 Nm, Location: Front
Battery: 71.4 kWh, Voltage: 355 V

2023 Lexus RZ 450e

2023 Lexus RZ 450e Takumi

Doors: 5, Seats: 5
Length: 189.2 in / 4805 mm
Height: 64.4 in / 1635 mm
Curb weight: 4662.78 lb / 2115 kg
Electric motor #1: 80 kW, 168 Nm, Location: Rear
Electric motor #2: 150 kW, 266 Nm, Location: Front
Battery: 71.4 kWh, Voltage: 355 V

2023 KIA EV6

2023 KIA EV6 GT (Europe)

Length: 184.8 in / 4695 mm
Width: 74.4 in / 1890 mm
Height: 60.8 in / 1545 mm
Curb weight: 4795.05 lb / 2175 kg
Location: Rear
Location: Front
Battery: 77.4 kWh, Voltage: 697 V

2023 KIA EV6

2023 KIA EV6 77 kWh AWD GT-Line

Doors: 5, Seats: 5
Length: 184.8 in / 4695 mm
Width: 74.4 in / 1890 mm
Height: 61.0 in / 1550 mm
Curb weight: 4607.66 lb / 2090 kg
Location: Rear
Location: Front
Battery: 77.4 kWh, Voltage: 697 V

2023 KIA EV6

2023 KIA EV6 77 kWh RWD GT-Line

Doors: 5, Seats: 5
Length: 184.8 in / 4695 mm
Width: 74.4 in / 1890 mm
Height: 61.0 in / 1550 mm
Curb weight: 4376.18 lb / 1985 kg
Electric motor: 168 kW @ 4600 - 8600 rpm, 350 Nm @ 4600 - 8600 rpm, Location: Rear
Battery: 77.4 kWh, Voltage: 697 V

2023 KIA EV6

2023 KIA EV6 GT (UK)

Length: 184.8 in / 4695 mm
Width: 74.4 in / 1890 mm
Height: 60.8 in / 1545 mm
Curb weight: 4817.1 lb / 2185 kg
Location: Rear
Location: Front
Battery: 77.4 kWh, Voltage: 697 V

2023 KIA EV6

2023 KIA EV6 GT-Line S AWD

Doors: 5, Seats: 5
Length: 184.8 in / 4695 mm
Height: 61.0 in / 1550 mm
Curb weight: 4607.66 lb / 2090 kg
Location: Rear
Location: Front
Battery: 77.4 kWh, Voltage: 697 V

2023 KIA EV6

2023 KIA EV6 GT-Line S RWD

Doors: 5, Seats: 5
Length: 184.8 in / 4695 mm
Height: 61.0 in / 1550 mm
Curb weight: 4376.18 lb / 1985 kg
Electric motor: 168 kW @ 4600 - 8600 rpm, 350 Nm @ 4600 - 8600 rpm, Location: Rear
Battery: 77.4 kWh, Voltage: 697 V

2023 KIA EV6

2023 KIA EV6 GT

Length: 184.8 in / 4695 mm
Width: 74.4 in / 1890 mm
Height: 60.8 in / 1545 mm
Curb weight: 4795.05 lb / 2175 kg
Location: Rear
Location: Front
Battery: 77.4 kWh, Voltage: 697 V

2023 KIA EV6

2023 KIA EV6 GT-Line AWD

Doors: 5, Seats: 5
Length: 184.8 in / 4694 mm
Width: 74.4 in / 1890 mm
Height: 61.0 in / 1550 mm
Curb weight: 4662.78 lb / 2115 kg
Location: Rear
Location: Front
Battery: 77.4 kWh, Voltage: 697 V

2023 KIA Niro EV

2023 KIA Niro EV ExecutiveLine

Doors: 5, Seats: 5
Length: 174.0 in / 4420 mm
Width: 71.9 in / 1825 mm
Height: 61.8 in / 1570 mm
Curb weight: 3833.84 lb / 1739 kg
Electric motor: 150 kW @ 6000 - 9000 rpm, 255 Nm, Location: Front
Battery: 64.8 kWh, Voltage: 358 V

2023 KIA Niro EV

2023 KIA Niro EV 4

Doors: 5, Seats: 5
Length: 174.0 in / 4420 mm
Width: 71.9 in / 1825 mm
Height: 61.8 in / 1570 mm
Curb weight: 3833.84 lb / 1739 kg
Electric motor: 150 kW @ 6000 - 9000 rpm, 255 Nm, Location: Front
Battery: 64.8 kWh, Voltage: 358 V

2023 KIA Niro EV

2023 KIA Niro EV Wave

Doors: 5, Seats: 5
Length: 174.0 in / 4420 mm
Width: 71.8 in / 1824 mm
Height: 61.8 in / 1570 mm
Curb weight: 3802.97 lb / 1725 kg
Electric motor: 150 kW @ 6000 - 9000 rpm, 255 Nm, Location: Front
Battery: 64.8 kWh, Voltage: 358 V

2023 Hyundai IONIQ 6

2023 Hyundai IONIQ 6 Limited AWD

Doors: 4, Seats: 5
Length: 191.1 in / 4855 mm
Height: 58.9 in / 1495 mm
Curb weight: 4786.24 lb / 2171 kg
Electric motor #1: 165 kW, 350 Nm, Location: Rear
Electric motor #2: 74 kW, 255 Nm, Location: Front
Battery: 77.4 kWh, Voltage: 800 V

2023 Hyundai IONIQ 6

2023 Hyundai IONIQ 6 Limited RWD

Doors: 4, Seats: 5
Length: 191.1 in / 4855 mm
Height: 58.9 in / 1495 mm
Curb weight: 4543.73 lb / 2061 kg
Electric motor: 168 kW, 350 Nm, Location: Rear
Battery: 77.4 kWh, Voltage: 800 V

2023 Hyundai IONIQ 6

2023 Hyundai IONIQ 6 First Edition 77 kWh AWD

Doors: 4, Seats: 5
Length: 191.1 in / 4855 mm
Height: 58.9 in / 1495 mm
Curb weight: 4786.24 lb / 2171 kg
Electric motor #1: 165 kW, 350 Nm, Location: Rear
Electric motor #2: 74 kW, 255 Nm, Location: Front
Battery: 77.4 kWh, Voltage: 800 V

2023 Hyundai IONIQ 6

2023 Hyundai IONIQ 6 Ultimate 77 kWh AWD

Doors: 4, Seats: 5
Length: 191.1 in / 4855 mm
Height: 58.9 in / 1495 mm
Curb weight: 4786.24 lb / 2171 kg
Electric motor #1: 165 kW, 350 Nm, Location: Rear
Electric motor #2: 74 kW, 255 Nm, Location: Front
Battery: 77.4 kWh, Voltage: 800 V