In 2023, most automakers in the United States experienced higher sales of battery-electric vehicles (BEVs) compared to plug-in hybrid electric vehicles (PHEVs). However, Stellantis and Mitsubishi exclusively sold PHEVs, while Mazda primarily focused on PHEVs with a ** percent share. Notably, high-end car manufacturers like Toyota and Jaguar Land Rover also saw greater sales of PHEVs over BEVs. In contrast, Tesla, Mercedes-Benz, GM, and Nissan exclusively offered battery-electric vehicles for their 2023 electric vehicle sales.

In the third quarter of 2022, Toyota was the best-selling hybrid and plug-in hybrid electric vehicle brand, recording some ****** units sold. The Japanese brand dwarfed all other manufacturers, with sales over fourfold those of Ford, which came second in the ranking.

BYD was ranked as the best-selling electric vehicle manufacturer worldwide after selling over ************ units in 2024 after overtaking Tesla as the best-selling electric vehicle manufacturer in the previous year. BYD's sales volume translates into a market share of nearly ********* of the market. Tesla and the Geely-Volvo Car Group were among the runners-up. Plug-in electric vehicles explained Plug-in electric vehicle registrations have been on the rise in 2023, with the Chinese electric vehicle market growing by ** percent year-over-year. There are two types of plug-in electric vehicles: battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV). Both contain a charging socket and a rechargeable battery that can power the vehicle on its own. However, a PHEV also includes a traditional internal combustion engine, which kicks in should the battery reach a low level. Therefore, a BEV is the only zero-emission vehicle. BEVs are a growing market, with global 2023 sales over ****** 2021 sales. What type of electric vehicles do producers build? Manufacturers such as SAIC and Bayerische Motoren Werke (BMW) produce both, battery-electric and plug-in hybrid electric vehicles, but Tesla exclusively builds all-electric vehicles. The American company launched its first battery-powered car in 2008, the Roadster. In 2024, Tesla's model line-up included Model S, Model 3, Model X, and Model Y vehicles, as well as the Cybertruck. The Model Y was the best-selling plug-in electric vehicle model worldwide, though most of the leading ten PEV models were from Chinese brands, reflecting the fast-paced EV market in Asia-Pacific.

In 2024, Ford remained the leading car brand in the United States based on vehicle sales, delivering about *** million units to U.S. customers. The United States is the largest market for Ford: wholesales to U.S. dealerships reached over *** million vehicles in 2023. Car sales among major manufacturers The top three U.S. car brands are assembled and distributed by the leading manufacturers in the U.S. market: Ford Motor Company, Toyota Motor Corporation, and General Motors (GM). As of the fourth quarter of 2024, GM's largest segment of sales was attributable to its Chevrolet-badged vehicles. Within the Ford Motor Corporation, the Ford division accounted for the largest number of vehicle sales. And finally, Toyota’s largest distribution of this sales volume was attributable to the Toyota brand vehicles. Automotive industry overview Production and sales volumes are declining among the key automotive brands in the United States, as a result of the accelerated automotive semiconductor shortage, the COVID-19 pandemic, and the fact that the automotive manufacturing and sales market is highly competitive both within the U.S. and globally. Electric vehicles emerged as the leading trend in Europe since 2020 and the U.S. electric vehicle industry has been catching up. Furthermore, it is forecast that autonomous vehicles will disrupt the U.S. market between 2020 and 2030.

In 2024, the ranking of the world’s largest car brands was topped by Toyota with a market share of around **** percent. The Toyota brand is owned by Japan's Toyota Motor Corporation, the world's largest motor vehicle manufacturer. New trends in the auto industry In light of growing environmental awareness and increasing efforts to connect vehicles, automotive manufacturers are faced with a variety of new challenges. Market trends such as the shift to lighter materials, as well as the trend towards electric and autonomous vehicles are set to revolutionize the industry. Palo Alto-based Tesla Motors is currently among those at the vanguard of the trend towards electrification, along with the Chinese car manufacturer BYD. Tesla delivered nearly **** million vehicles in 2024, meaning that Volkswagen Group's sales tally is over **** times as much. The state of the global auto industry Car sales worldwide have dipped between 2019 and 2020 as a result of the economic downturn generated by the COVID-19 pandemic. 2021 sales recovered, despite remaining below 2019 levels, but supply chain shortages led to a slow recovery of sales in 2022. By the end of 2023, the global car sales volume had grown over pre-pandemic levels. China was the largest automobile market based on new passenger car registrations, recording close to **** million units sold. It was followed by the United States and Europe. China was also the leading passenger car producing country in 2023.

In 2024, Toyota was the leading brand for electrified passenger cars in Japan, with sales amounting to approximately *** thousand vehicles. The overwhelming majority of electrified car sales in Japan were hybrid electric vehicles (HEV).

In February 2025, Toyota sold ***** units of hybrid electric cars in Indonesia, marking the highest monthly sales volume among other brands. This was followed by Suzuki, with ***** units sold in the same period.

In 2024, approximately *** percent of passenger cars sold in Japan were battery electric vehicles (BEV), ********** compared to the previous year. BEVs remain less attractive than hybrids or gasoline cars for Japanese customers, despite subsidies issued by the government. The Government wants new cars to be electrified Since Japan has vowed to become carbon-neutral by 2050, electric vehicles have become a necessity for the country to meet these targets. Japan is a leading emitter of greenhouse gas emissions, and automobiles account for a significant share of them. Against the backdrop of the overall target, the Government announced that by **** all new passenger cars sold domestically should be electrified, creating expectations for the growth of electric vehicles in Japan. However, the policy outline gives the automotive industry and consumers leverage, for example, including standard hybrids in this definition. What is the Japanese industry’s stance? Japanese manufacturers have been more timid with the introduction of fully electric vehicles, compared to many international competitors. This is especially true in the domestic electrified vehicle market, where consumers continue to prefer hybrid electric vehicles over other next-generation vehicle types. Industry leader Toyota has taken a flexible approach to the task of electrifying the automobile industry, continuing to develop and sell hybrid electric vehicles (HEV) with great success, domestically and abroad.

As of April 2025, Toyota Motors Philippines sold the highest number of hybrid electric vehicles (HEVs) in the Philippines, totaling ***** units. The number of electric vehicles sold in the country has been increasing since 2020.

In 2022, Toyota was the leading brand for electric vehicles sales in Brazil, with ****** units sold that year. BYD ranked second, with sales amounting to over ****** units.

In 2024, Toyota was the leading car manufacturer in Japan, selling around **** million vehicles domestically. The overall car sales volume decreased by a few hundred thousand units, compared to the previous year, reaching about **** million exemplars. Which car brands and models are most popular among Japanese customers? All car manufacturers in the upper half of the ranking were Japanese brands. It is noteworthy that the top three foreign brands listed among the country’s major market players were German car manufacturers (Mercedes-Benz, BMW, and Volkswagen). However, none of those three made it in the top ten ranks, indicating that Japanese consumers value German engineering, yet they choose to invest primarily in domestic vehicle technology.Japan’s preference for domestic car brands becomes even more apparent when looking at the country’s bestselling car models. The ranking exclusively listed car models of domestic manufacturers. The two three positions were occupied by Toyota models: the Corolla, was followed by the Yaris, and the Sienta. Besides Toyota, Nissan, and Honda were the only other brands within the top ten passenger car ranks. What are the future car trends in Japan?Japan had been increasingly branching out in electric vehicle technologies. The next-generation vehicle market is divided into battery electric vehicles (BEV), hybrid electric vehicles, plug-in hybrids (PHEV), clean diesel vehicles, and fuel cell electric vehicles (FCEV). Japanese manufacturers seem to favor gasoline-electric hybrids over all-electric vehicles for now. Although Toyota's statement in December 2021 to accelerate the shift towards BEVs attracted much attention, the industry remains prudent towards an all-electric centered lineup. One argument is that many customers worldwide still lack the infrastructure or demand for BEVs despite endeavors in Europe and North America.The Japanese government shares the prudence towards BEVs: the shift to full EVs could damage the domestic automotive parts industry, since EVs require fewer parts than hybrid alternatives. Accordingly, the announced goal is to prohibit by 2035 only the sale of new cars solely propelled by a gasoline engine. In the short and medium run, the sale of Japanese hybrids will likely expand domestically and worldwide, therefore. Eventually, hydrogen FCEV besides BEVs might play into Japanese strategies.

With over ***** sales, Toyota was the best-selling hybrid electric vehicle brand in Chile in 2023. It surpassed its main competitors, including Lexus, which is a subsidiary of the Toyota Motor Corporation.

In 2023, Jeep was the best-selling brand for plug-in electric vehicles (PHEV) in California, recording close to ****** sales. The Japanese Toyota and Germany-based BMW were second and third in the ranking, with some ****** and ***** units sold respectively.

Israel's electric vehicle (EV) market experienced a remarkable growth in recent years, with the Chinese manufacturer, BYD, emerging as a brand leader. The newcomer registered over ****** new cars in 2023. Geely and Tesla were the second and third most popular car brands, registering about ***** new cars each. According to the source, over ** different EV brands sold cars in the Israeli market that year. Chinese brands dominate amid market growth The surge in EV popularity has reshaped Israel's automotive landscape. By the end of 2023, the country's EV fleet more than doubled, reaching nearly ****** vehicles. Chinese manufacturers led this transition, accounting for over ** percent of all new EV registrations. Despite the EV boom, traditional gasoline-powered vehicles from Japanese and South Korean brands continue to dominate overall car sales, with Hyundai, Kia, and Toyota holding the top three positions in new passenger vehicle registrations. Hybrid vehicles are losing ground to EVs While EVs are gaining ground, hybrid vehicles remain a favored option for consumers seeking alternatives to traditional gasoline cars. By the end of 2023, the total number of hybrid vehicles reached almost *******, a ** percent increase from the previous year. Toyota led the hybrid market, with nearly ****** new registrations in 2023, followed by Hyundai and Kia. However, as EVs brand gain recognition among local buyers, the growth rate of hybrid vehicles has moderated in recent years. This trend suggests the future of Israeli transportation is moving towards full electrification.

According to a survey conducted in August 2023 in Japan, **** percent of used Toyota vehicles that were purchased during the past year had a hybrid electric engine. Toyota was the automobile maker with the highest share of hybrid electric engine cars circulating on the market, followed by Nissan products.

Over the course of 2019, Toyota sold some 105,000 passenger cars in the United Kingdom. This was roughly 3.2 percent more than were sold in the same time period the previous year, with the Japanese automaker having performed consistently well in the previous five years. Figures tend to spike in March and September as these are the months when the Driver & Vehicle Licensing Agency releases new registration plates, fueling sales. The Toyota Motor Corporation was established in 1937 and has since become one of the most valuable motor vehicle brands in the world.

Leading car brands

Toyota is commonly found among the leading car companies in the UK. In September 2019 it held a market share of 5.2 percent, which made it the sixth most popular car brand that month. The ranking was most often led by U.S. based manufacturer Ford. Toyota’s market share was highest in September 2018 when it amounted to 5.63 percent.

Toyota’s hybrid models

As the creator of the first mass-produced electric hybrid car – the Prius, Toyota is often associated with electric vehicle manufacturing. After first being introduced in 2011, Yaris has become Toyota’s most popular hybrid model, with 17,001 units sold in 2018. By comparison, Prius sales only amounted to 4,187 units.

Global passenger car sales reached **** million units in 2024, marking a *** percent increase from the previous year. In 2023, the sales volume recovered from the pandemic effect and amounted above the pre-pandemic number with ***** million units. This rebound in the automotive market comes after several years of fluctuations, including a sharp decline in 2020 due to the COVID-19 pandemic. China maintained its position as the world's largest regional market for automobiles, with sales of nearly **** million units in 2024. European market dynamics and electrification trends In the European Union, Volkswagen emerged as the top-selling brand in 2024. The shift towards electrified vehicles gained momentum. This trend is driven by policies such as the EU's ban on new fossil-fuel car sales from 2035. Norway, despite experiencing a sluggish increase in overall passenger car sales, maintained its leadership in electric vehicle adoption. Global industry leaders and market challenges Toyota and Volkswagen continue to dominate the global automotive industry in terms of revenue and vehicle sales. The industry has faced significant challenges in recent years, including the global automotive chip shortage and raw material price increases. China has emerged as a key player, both as a major market and as a source of competition for established manufacturers. The trend towards electric and autonomous vehicles is reshaping the industry, with companies like Tesla delivering **** million vehicles in 2024, though still far behind traditional automakers like Volkswagen Group.

In 2023, Japanese automotive manufacturer Toyota dominated the electric and hybrid vehicles market in Argentina. The brand accounted for most of the hybrid and electric vehicles sold in the South American country that year. The Toyota Corolla Cross was the leading model, with over ***** units sold, followed by Toyota's Corolla, with nearly ***** units. The Coradir Tito was the only fully electric model to enter the top ten, with some *** sales.

In 2024, more than ***** electric cars in Singapore belonged to BYD. By comparison, there were ***** Tesla cars in the same year. Nonetheless, the number of hybrid cars in the country was still higher, with Toyota being the leading brand. Electric car sales in Singapore The electric vehicle (EV) market in Singapore is growing rapidly. In 2024, electric vehicle registrations reached ******, representing **** percent of the total ****** car registrations. Battery electric vehicles (BEVs) are enjoying growing popularity due to their environmental benefits and affordability. Thanks to favorable policies and infrastructure, Singapore's electric vehicle market is set for significant transformation in the years ahead. Electrification of Singapore's car fleet Despite significant progress, Singapore is still far from achieving its electrification targets, with ** percent of the car population still running on petrol in 2023. The high price of electric cars and the insufficient number of charging stations are the main obstacles to EV adoption identified by consumers. In addition, according to a survey conducted in January 2024, just over ** percent of respondents in Singapore would only buy an electric car if it were cheaper than a conventional car. Furthermore, ** percent of those surveyed cited tax breaks and subsidies as crucial incentives to buy an electric car. To meet this demand, Singapore aims to install ****** charging stations by 2030, and is offering incentives under the EV Early Adoption scheme and rebates for vehicles covered by the Vehicular Emissions Scheme (VES) Band A1.

The Asia-Oceania and the Middle East region was the world's largest market for passenger and commercial vehicles, with sales amounting to nearly **** million units in 2022. The region dwarfed all other markets, with China representing more than half of the regional sales that year. China leads the way in the electrification of the market The Asia-Oceania and the Middle East market was dominated by automobile sales. Passenger car sales contributed to ***** percent of the sales in the region in 2022, and were also the leading motor vehicle segment worldwide in that same year. China, the main market in the region, led the way in the electric mobility sector. In 2022, it is estimated that over **** million plug-in electric vehicles were in use in the country, with sales of this type of vehicles reaching an all-time high in that same year. The electric vehicle market worldwide is tipped to reach revenues over ****** billion U.S. dollars by 2028. Leading automakers in close competition Globally, Volkswagen Group and Toyota Motor are the leading carmakers in terms of revenue. The Japanese auto giant generated almost ***** trillion Japanese yen in revenue in its 2023 fiscal year. The U.S.-based Tesla has also recorded a steep growth throughout 2022, as the brand with the highest brand value growth worldwide across sectors. Tesla was the second market leader in plug-in electric vehicle sales, with worldwide market shares close to ** percent in 2022. The brand was however edged out by China-based BYD, which surpassed Tesla due to its large sales volume of plug-in hybrid electric vehicles.