Global gross sales of personal electric automobiles grew by 32% within the first quarter of 2023 in comparison with the earlier yr, based on Chinese media outlet IT Home, which based mostly its report on new knowledge from market analysis agency Counterpoint Research. The report notes that China remains the largest electric vehicle market on the globe, with a 29% yearly progress in EV gross sales regardless of a 12% decline in total gross sales of passenger automobiles within the nation. Sales of the highest 10 electric vehicle fashions account for 37% of world EV gross sales. Tesla’s Model Y continues to be the best-selling mannequin worldwide, adopted by the American model’s Model 3 and BYD’s Model Song. BYD holds its place as holder of the largest market share of EV gross sales globally with a market share of 21.10%, adopted by Tesla (16.01%), Volkswagen (6.88%), and Geely (5.86%). [IT Home, in Chinese]
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