Global passenger electric vehicle (EV) sales grew 71% YoY in Q3 2022 as the world moves towards a greener alternative for power and demand for electric vehicles grows globally, according to a report from Counterpoint.

The report finds that the global electric vehicle market share constituted over 15% of the worldโ€™s passenger vehicle sales in Q3 2022 with three of the top five best-selling EV brands from China.

EV global market share is consolidating, with the top five brands approaching 50% market share. This chart by Techloy illustrates the share of the market by the top five brands, with Chinese brand BYD Auto maintaining its leadership position, ahead of Tesla.

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