Global EV Sales Hit A New Record In November 2023

Plug-in electric car registrations exceeded 1.38 million, taking 19% of the global car market.

Tesla Model Y

Mark Kane

By: Mark Kane

Jan 10, 2024 at 2:00pm ET

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In November, global registrations of plug-in electric cars increased to a new monthly record level, beating the previous one set in September.

According to EV-Volumes data, shared by researcher Jose Pontes, 1,385,104 new passenger plug-in electric cars were registered globally in November (about 31% more than a year ago), compared to 1,291,000 in September. The market share amounted to 19%.

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Global EV sales expand

More than 12 million plug-in electric cars were registered around the world in 2023 through the end of November, which was more than in all of 2022 (10 million units). Once December's data is announced, the total volume might reach 13.5 million units.

All-electric car registrations increased by 25% year-over-year to a new record of 952,598, taking about 13% of the global passenger car market.

Meanwhile, plug-in hybrid car registrations increased by 40% (mostly thanks to China), reaching about 432,500 units and roughly 6% of the market.

Now, we are waiting only for the December data and probably another record, north of 1.4 million units.

Plug-in car registrations for the month:

BEVs: 952,598 (up 25%) and 13% market share
PHEVs: 432,506 (up 40%) and 6% market share
Total: 1,385,104 (up 31%) and 19% market share

Global Plug-In Electric Car Sales – November 2023

In the first 11 months of the year, more than 12.1 million plug-in electric cars have been registered around the world, which is more than 16% of the total volume, we estimate.

Plug-in car registrations January-November:

BEVs: 8,409,092
PHEVs: 3,708,113
Total: 12,117,205 (up 38%) and over 16%* market share

** estimated*

For reference, in 2022, more than 10 million new passenger plug-in electric cars were registered globally for the very first time. This result will be significantly improved upon in 2023, to more than 13 million units.

Model rank

The Tesla Model Y remained the world's best-selling plug-in model in November with a massive result of over 115,000 new registrations—far above other models. However, the year-over-year growth of the Model Y has slowed down, amounting to only 13% in November.

Then we can see the BYD Song Plus family (when counting BEVs and PHEVs together) with over 63,000 units and a big comeback of the Tesla Model 3 with 54,327 units (up 15% year-over-year). Fourth was the tiny BYD Seagull (44,603), ahead of several other BYD models.

Top 10 for the month:

Tesla Model Y - 115,192
BYD Song Plus - 63,416 (11,138 BEVs + 52,278 PHEVs)
Tesla Model 3 - 54,327
BYD Seagull - 44,603
BYD Dolphin - 41,346
BYD Qin Plus - 41,063 (12,089 BEVs + 28,974 PHEVs)
BYD Yuan Plus (aka Atto 3) - 33,076
Wuling Hong Guang MINI EV: 24,032
Wuling Bingo: 22,772
GAC Aion Y - 22,666

** BEV and PHEV versions of the same models were counted together in the source.*

After the first 11 months of the year, the Tesla Model Y exceeded one million registrations, while the BYD Song plug-ins almost noted 560,000 units. The Tesla Model 3 is third best, at over 472,000 registrations.

Brand rank

In terms of brands, BYD was the number one in the general plug-in car segment for another month with over 288,000 new registrations (more than half of those were all-electric cars).

Tesla's new registrations in November exceeded 174,000, while the other brands were, as usual, far behind. The SAIC-GM-Wuling joint venture noted 55,350 and BMW with 50,666 was ahead of Volkswagen (47,116).

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Top 10 for the month:

BYD - 288,633
Tesla - 174,574
SAIC-GM-Wuling - 55,350
BMW - 50,666
Volkswagen - 47,116
Li Auto - 41,033
Geely - 39,475
Changan - 38,990
GAC Aion - 38,416
Mercedes-Benz - 36,562

After the first 11 months of 2023, the step change between BYD (2.55 million) and Tesla (over 1.6 million) became even steeper again. Similarly, the rest of the industry is further and further behind.