Media Reports, page-334

Everywhere I drive now I'm seeing more and more Tesla's.

BEV sales results in Q3 2022:

• Tesla: 343,830 (up 42% year-over-year)
• BYD: 258,610 (up 182% year-over-year) or 75% of Tesla's result
  Difference to 1st: 85,220 (down 43% year-over-year from 149,707)
• Volkswagen Group: 149,300 (up 22.3% year-over-year) or 43% of Tesla's result
  *including a very small number of commercial BEVs
  Difference to 1st: 194,530 (up 63% year-over-year from 119,291)

Tesla vs Volkswagen Group BEV vs BYD BEV sales - Q3 2022

According to the stats, it seems that the year 2022 will be another win for Tesla in terms of all-electric car sales volume, as no other automotive group will be able to cross 1 million units.

BEV sales results YTD:

• Tesla: 908,573 (up 45% year-over-year)
• BYD: 582,130 (up 214% year-over-year) or 64% of Tesla's result
  Difference to 1st: 326,443
• Volkswagen Group: 366,400 (up 25.0% year-over-year) or 40% of Tesla's result
  *including a very small number of commercial BEVs
  Difference to 1st: 542,173

It's difficult to say how the "race" will continue, as all three manufacturers have potential for fast growth: Tesla has two new plants in ramp-up phase and new models in the pipeline, BYD notes strong domestic demand and expands to other markets (including Europe), while Volkswagen Group sooner or later will sort out manufacturing constraints and add even more BEVs to its lineup.

Hopefully, some other automotive groups also will be able to enter a higher gear of electrification and join the race.