An distinctive factor occurred within the third quarter of 2023, as the 2 largest all-electric automotive producers (OEMs) – Tesla and BYD – bought an analogous variety of autos.

As with each quarter, on this publish, we are going to check out the worldwide gross sales outcomes of battery electrical vehicles (BEVs) by three OEMs – Tesla, BYD, and Volkswagen Group - though the third one isn’t in the identical league as the primary two proper now.

Final quarter, Tesla as soon as once more bought the very best variety of all-electric vehicles at 435,059. Nevertheless, partially attributable to some upgrades at its factories, the year-over-year progress fee of manufacturing and gross sales was restricted and amounted to “solely” 27 %.

This slower fee of progress enabled the surging BYD to virtually move Tesla by way of all-electric automotive gross sales. The Chinese language firm reviews 431,603 BEV gross sales, which is simply 3,456 lower than Tesla. The 2 corporations by no means have been so shut to one another, as BYD famous 99.2 % of what Tesla did by way of gross sales (excluding industrial BEVs and plug-in hybrids).

It is a robust signal that Tesla’s domination within the BEV phase may be coming to an finish. Relying on whether or not the slowdown of growth was short-term or not, Tesla will preserve or lose its high place in This fall.

In the meantime, the Volkswagen Group elevated its all-electric automotive gross sales by 41 % year-over-year to 209,394 items, which is lower than half of Tesla’s and BYD’s outcomes. The German producer should now watch its again to take care of its spot on the rostrum.

All-electric automotive gross sales in Q3’2023 (YOY change):

In the course of the first 9 months of the 12 months, Tesla bought greater than 1.3 million all-electric vehicles, whereas BYD exceeded a million. The Volkswagen Group is at about half of BYD’s quantity proper now with over 500,000 items bought.

It is price noting that BYD far outpaced the opposite two OEMs by way of year-over-year progress, however isn’t anticipated to meet up with Tesla in 2023 because the distinction is just too huge.

All-electric automotive gross sales in Q1-Q3’2023 (YOY change):

• Tesla: 1,324,074 (up 46%)
• BYD: 1,048,413 (up 80%) or 79.2% of Tesla’s consequence
  Distinction to Tesla: 275,661 (down 16%)
• Volkswagen Group: 530,485 (up 45%) or 40.1% of Tesla’s consequence
  Distinction to Tesla: 793,589 (up 46%)

For reference, in 2022, Tesla delivered greater than 1.3 million electrical vehicles (a rise of 40 % year-over-year), BYD bought over 0.9 million (up 184 %) and Volkswagen Group over 0.57 million (up 26 %).

Data:

• Tesla gross sales don’t embody vans (Tesla Semi)
• BYD gross sales (together with Denza) don’t embody industrial autos (vans/buses)
• Volkswagen Group consists of Volkswagen (vehicles), Audi, Skoda, Porsche, Seat/Cupra, Volkswagen Business Automobiles (vans), however for the sake of comparability we excluded MAN, Scania and Navistar.