Global NEV Sales Surged 28% In The First Quarter, Tesla And BYD Battle Again

According to a new report from the global market research agency TrendForce, global sales of new energy vehicles surged in the first quarter of 2023, and Tesla has regained some market share through price adjustments.

Data shows that in the first quarter of 2023, the total sales of new energy vehicles (NEVs) reached 2.656 million units, a year-on-year increase of 28%. New energy vehicles include battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs) and fuel cell vehicles (FCVs).

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