Top Selling Electric Vehicle Brands Worldwide in March — EV Sales Report

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Final Up to date on: seventh Could 2025, 12:05 am

Along with our monthly report on the top selling plugin vehicles in the worldright here’s a report on the auto manufacturers and auto teams or alliances which can be promoting probably the most plugin autos globally.

High Promoting Manufacturers

In March, #1 BYD is now in full export mode. It obtained 21% of its gross sales from abroad markets, a stark distinction to the ten% achieved in the entire of 2024. It scored some 350,000 registrations, and with gross sales at this degree already, one should begin to marvel how excessive the Shenzhen make’s gross sales might go within the second half of the 12 months!

With BYD’s gross sales targets in 2025 set to five.5 million models, 0.8 million of them in export markets, the place will BYD cease? Ain’t no mountain excessive sufficient for BYD? Will the Shenzhen OEM dethrone Toyota as the largest automotive group earlier than the tip of this decade? Now, that could be information….

As for Tesla, it’s nonetheless within the pink. The 151,000 registrations characterize a ten% drop in comparison with the identical month final 12 months. So, whereas it was a peak month, it nonetheless hasn’t managed to get near final 12 months’s ranges. And March already had the assistance of the refreshed Mannequin Y….

Beneath the highest two, #3 Geely continues driving excessive in its quest to problem BYD’s domination and surpass Tesla on the best way. With a robust portfolio of fashions in China, Geely now wants to start out exporting in excessive volumes so as to sustain with the tempo of BYD.

Wuling was 4th, however removed from #3 Geely’s consequence (88,000 models vs. 67,000). Now, the SAIC model greatest watch behind its again, as a result of if March is something to go by, we could be witnessing the return to kind from legacy manufacturers.

Behind #4 Wuling, listed below are all of this month’s highlights relating to legacy manufacturers:

• #5 BMW had its greatest consequence since December 2023, with over 55,000 models, largely because of its dynamic duo, the BMW i4 midsizer and the iX1 crossover.
• #6 Volkswagen additionally had its greatest consequence since December 2023, with near 52,000 models, because of its ID lineup pulling robust outcomes. Extra importantly for the German conglomerate have been the report outcomes of its subsidiaries, with Cupra (16,498 models), Skoda (16,053), and even Porsche (11,878) posting greatest ever performances!
• Nonetheless within the Volkswagen Galaxy, #17 Audi had its greatest rating since … yep, December 2023. It obtained over 25,000 deliveries, benefitting from the numerous volumes that the brand new Audi Q6 e-tron is now posting.
• As for #7 Mercedes, the 38,000 models of March have been its greatest end in a 12 months, and with the recent new Mercedes duty touchdown quickly (near 800 km/500 miles vary! 320 kW charging pace!)anticipate the three-pointed-star make to expertise vital progress within the close to future.
• Transferring now to Asia, the Koreans, Hyundai and Kia, had report scores in March, with over 26,000 models to the previous and over 29,000 models to the latter. Each benefited from added volumes coming from their not too long ago launched small-to-compact fashions, the Hyundai Inster and Kia EV3.
• Lastly, in Japan, whereas the remainder of the residence crew are both nonetheless asleep (Mitsubishi, Subaru, Suzuki…) or in soul-searching mode (Nissan, Honda, Mazda), Toyota is transferring ahead. It scored one other report month in March because of a report 28,972 models. Whereas it lacks a real greatest vendor (perhaps the BZ3x?), Toyota greater than makes up for a very good lineup of onerous working busy bees, like the ever-expanding BZ electric lineupand tried and examined PHEV fashions, just like the Prius, Crown, RAV4, and C-HR. And with a mess of fashions being launched this 12 months, answering the wants of a number of markets (BZ5+BZ7+BZ3x in China, Urban Cruiser in India, and C-HR+ for Europe), anticipate the Japanese large to proceed posting report months all year long.

Outdoors the highest 20, we also needs to spotlight Renault, with the French carmaker posting its greatest consequence (16,056 models) since December 2022 because of the success of the Renault 5 hatchback and Scenic crossover. Will we see the French model return to the desk quickly?

Within the YTD deskthere wasn’t a lot to report on the high. BYD is nicely forward of everybody else, whereas #2 Tesla gained a bit extra floor over Geely because of the same old March supply peak. Though, the US model is down by 13% YoY on the finish of the primary quarter.

Far under the rostrum, #4 Wuling has sufficient distance between it and the Germans behind it to proceed cruising alongside.

As for the aforementioned German makes, there was a place change, with BMW surpassing Volkswagen. The Bavarian is now in fifth. With #4 Wuling and #7 Xpeng too distant from these two, anticipate an entertaining race between these two within the coming months.

Nonetheless in Germany, Mercedes climbed one other place, with the Stuttgart-based make now in tenth.

Within the second half of the desk, Aion is in restoration mode. After returning to the desk in February, March noticed it surge 4 positions to #14. The Guangzhou-based model is trying to return nearer to the eighth place it held within the desk on the finish of final 12 months.

Lastly, Ford climbed one place, to #19. Though, it stays to be seen how deeply the Dearborn make can be affected by the latest tariff turmoil.

High Promoting OEMs for EV Gross sales

Taking a look at registrations by OEM#1 BYD misplaced share, going from 24.8% to its present 24.2%, however it’s nonetheless fairly comfy. It has a lead of 13% market share over #2 Geely, which itself was additionally down by 0.6%, to 11.2%.

Tesla profited from the end-of-the-quarter peak, gaining 0.2% share and rising to eight.2% share, nevertheless it nonetheless stays fairly removed from runner-up Geely. AND …

… It has to regulate 4th positioned Volkswagen Group. With 7.4% share, Volkswagen Group skilled a 0.3% share enhance in comparison with February, gaining floor on Tesla even whereas the Texan model had a supply peak. If Tesla continues to expertise gross sales blues within the coming months, and the early indicators are that it’s going to (new orders dropped by greater than 20% in April in China, and Europe’s first April outcomes present crashing gross sales…)then the German OEM would possibly actually have a shot at surpassing Tesla this 12 months!

Heck, we could be even a state of affairs the place Tesla may very well be in fifth in March 2026!

This could in all probability imply that present fifth positioned SAIC (5.6%, up by 0.2% in comparison with February) would additionally surpass Tesla by then. Though it appears unlikely proper now, who would have thought a 12 months in the past that Geely could be forward of Tesla by now?…

Outdoors the highest 5, BMW Group (3.8%, up from 3.6% in February) gained a ways on the competitors, whereas #7 Changan (3.5%) and #8 Hyundai–Kia (3.3%) each surpassed Chery (3.2%), now in ninth.

Evaluating the present standing with what was occurring a 12 months in the past, #1 BYD gained a large 4.8% share in a 12 months, Geely modified positions with Tesla, with the Chinese language OEM now in 2nd because of a 3.4% acquire in share (11.2% now, 7.8% then), whereas Tesla appears nearly the alternative, shedding one spot all whereas shedding 3.8% share (12% then vs. 8.2% now). Because of this Tesla misplaced nearly a 3rd of its market share in only one 12 months.

A 12 months in the past, I used to be imagining Tesla settling with round 10% share. Now?… No thought.

Wanting under the rostrum, whereas SAIC retained its place and share, Volkswagen Group stayed in 4th however has elevated its market share by 1% to 7.4%. Will it be capable of attain 8% by 12 months finish?

One vital change that’s seen by evaluating Q1 ’24 with Q1 ’25 is the autumn of Stellantis. A 12 months in the past, it was sixth, with 4.3% share, whereas now it is just tenth, with 2.8% share. In a 12 months, the multinational conglomerate has dropped 4 positions and misplaced 1.5% share, which is greater than a 3rd of the market share it had a 12 months in the past. It even makes Tesla’s fall from grace not look that unhealthy compared….

Wanting simply at BEVsthe massive information is that Tesla (12.4%) is now not the perfect promoting BEV maker on the earth, having misplaced that place to BYD (15.4%).

Certain, the 12 months hasn’t ended, however the developments are clear — a 12 months in the past, Tesla was main with 19% share, whereas now it has misplaced a 3rd of its market share and dropped to 12.4%. In the identical interval, BYD elevated its share barely from 14.8% to fifteen.4%.

The writing is on the wall, people. Tesla is now not the chief.

Taking a look at #3 Geely, it misplaced share in March (12% in February vs. 11.4% in March), however the Taizhou-based OEM can not actually complain, because it gained a gargantuan 4% share in a single 12 months — from 7.4% then to 11.4% now. It mainly did the alternative of Tesla, whereas one misplaced a 3rd of its market share, the opposite gained a 3rd.

At this tempo, I wouldn’t be shocked if Geely was to surpass Tesla by 12 months finish.

In 4th, we have now Volkswagen Group (8%). In comparison with the place it was a 12 months in the past, it has surpassed SAIC (7.2%) and gained 1.3% market share (6.7% then vs. 8% now).

#6 Hyundai–Kia had a very good month of March, rising from 3.9% to 4% share, retaining the sixth place, and retaining a long way over#7 BMW (3.8%, up 0.1% in comparison with February).