Tesla leads as global EV shipments rise 79 percent YoY in first quarter, claims report

With Tesla registering phenomenal growth over a year, the electric vehicle (EV) shipments grew 79% year-on-year (YoY) in the first quarter of 2022 to reach 1.95 million units, says a new report.
According to market research firm Counterpoint, of these, battery electric vehicles (BEVs) accounted for 73% and plug-in hybrid electric vehicles (PHEVs) for the rest.
“With EVs comprising just 12% of the total passenger vehicle shipments during the first quarter of 2022, there is a lot of scope for expansion. Fresh players are entering the market to benefit from the opportunity,” Senior Research Analyst Soumen Mandal, said in a statement.