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Tesla has burst into the top 10 best-selling cars in the world with not just one but two models in 2022. It’s something that the industry should be scared of, as manufacturing electric vehicles in volume becomes clearly disruptive.

It’s hard to argue against the fact that electric vehicles are taking over.

Their market shares are rising slowly but steadily in most markets, and while they still account for a small fraction of new car sales, there are a few tidbits of data that point clearly to EVs taking over the industry faster than people think.

A market like Norway is a good example and window into the future of the broader auto industry with now over 80% of new cars sales being electric, and fossil fuel-powered vehicle sales have slowed to a crawl.

Another good example is the fact that all the fastest-growing car models are electric, and they are now even reaching the top 10 best-selling vehicles in the world.

According to data compiled by Focus to Move, electric vehicles, more specifically the Tesla Model Y and Model 3, have entered the top 10 best-selling electric vehicles in the world:

  1. Toyota Corolla: 1.12 million (down 2% vs last year)
  2. Toyota RAV4: 870,000 (down 14% versus last year)
  3. Ford F-Series: 787,000 (down 9% versus last year)
  4. Tesla Model Y: 759,000 (up 88% versus last year)
  5. Toyota Camry: 675,000 (down 3% versus last year)
  6. Honda CR-V: 601,000 (down 18% versus last year)
  7. Tesla Model 3: 596,000 (up 4% versus last year)

As you can see, Toyota remains dominant with three models within the top five best-selling passenger vehicles in the world.

However, every single model in the top 10 is down year-over-year except for Tesla’s two vehicles.

On top of it, by revenue, the Tesla Model Y takes the first stop since it averaged a sale price of over $55,000 for most of the year.

Electrek’s Take

The auto industry should take this seriously. It wasn’t that long ago that, aside for the more savvy people in the auto industry, Tesla was mostly a joke to auto execs. They would literally laugh at Tesla and its effort to build electric vehicles in volume.

Now a few years later, Tesla has not one but two models in the top 10 list of best-selling passenger vehicles in the world.

And Model Y is on a very clear path to becoming the number-one-selling vehicle in the world this year.

All the while, every other single best-selling vehicle finds itself down year-over-year.

It proves that if you can produce a compelling electric vehicle in volume, not only is there a market for it, but it is taking over the industry.

With Toyota still not having a global all-electric vehicle produced in volume, I think it will be completely knocked off that list by 2025.

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Daily Ev Recap: Ultra-fast charging adds 370 miles of range in 10 minutes

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Daily Ev Recap:  Ultra-fast charging adds 370 miles of range in 10 minutes

Listen to a recap of the top stories of the day from Electrek. Quick Charge is now available on Apple PodcastsSpotifyTuneIn and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee new episodes are delivered as soon as they’re available.

Stories we discuss in this episode (with links)

Everrati rebrands B2B EV conversion arm to ‘Powered by Everrati’ amid clientele increase

Tesla Cybertruck owner gets quoted over $30,000 for Powershare installation

CATL unveils world’s first LFP battery with 4C ultra-fast charging for 370-mi in 10 mins

Tesla (TSLA) surges on Elon Musk trying to ride AI wave

Tesla expects its 4680 battery cells to be cheaper than suppliers by end of year

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Drop us a line at tips@electrek.co. You can also rate us in Apple Podcasts or recommend us in Overcast to help more people discover the show!

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Daily Ev Recap:  Ultra-fast charging adds 370 miles of range in 10 minutes

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You’re reading Electrek— experts who break news about Tesla, electric vehicles, and green energy, day after day. Be sure to check out our homepage for all the latest news, and follow Electrek on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our YouTube channel for the latest reviews.

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Watch the world’s first artificial energy island being built [video]

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Watch the world's first artificial energy island being built [video]

The first of 23 caissons for Princess Elisabeth Island, the world’s first artificial energy island, is nearly complete.

Princess Elisabeth Island will be an electricity grid at sea that will connect offshore wind farms to the Belgian mainland and also serve as a hub for future interconnectors with the UK and Denmark. Belgian electricity transmission system operator Elia is the project’s developer.

The 20,000-ton caissons, which will form the energy island’s outer walls, are being built at Jan De Nul Group and DEME’s construction site in Vlissingen, the Netherlands. It takes around three months to build one caisson. The production process is split into five 20-day stages. The caissons are moved between the different work sites using “runners,” which takes about six hours. 

When the caissons are ready, a semi-submersible vessel will transport them further down the harbor, where they’ll be temporarily stored in the water. They’ll then be moved to their final location in the North Sea this summer, weather allowing, said maritime infrastructure company Jan de Nul.

You can watch a time-lapse video of Princess Elisabeth Island’s first caisson being built here:

Princess Elisabeth Island is part of the larger Princess Elisabeth Zone, a future 3.5 gigawatt (GW) offshore wind farm in the North Sea, around 45 km (28 miles) off the Belgian coast. The world’s first artificial energy island will receive power from the wind turbines via undersea cables, and it will then be converted to high-voltage electricity and distributed to the Belgian mainland and other European countries. The energy island will combine both direct current (HVDC) and alternating current (HVAC).

The energy island will be finished in late 2026 when the electrical equipment will start to be installed. Princess Elisabeth Island is expected to be fully connected to all wind farms and the mainland by 2030. 

Read more: 2023 was a record year for wind power growth – in numbers


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Honda joins EV race with historic $11B investment to build 240K EVs a year

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Honda joins EV race with historic B investment to build 240K EVs a year

Honda is finally joining the EV race after announcing a massive $11 billion (CAD$15 billion) investment to build four new EV plants in Canada. The historic investment will be used to build Canada’s first EV supply chain, enabling 240,000 Honda EVs to be made for the US and Canada annually.

Honda reveals game changing investment to build EVs

Honda announced its largest investment in Canada ever as it prepares for the electric era. The plans for a new Honda EV plant and stand-alone EV battery factory in Alliston, Ontario.

Once fully operational, the EV facility will be able to produce 240,000 EVs a year, while its battery plant will have capacity of 36 GWh per year. Production is expected to begin in 2028.

According to a press release from the prime minister’s office, Honda will build Canada’s first comprehensive EV supply chain. The project will include four new manufacturing plants in Ontario.

In addition to the EV plant and battery factory, Honda will build a cathode active material and precursor plant through a joint venture with POSCO Future M. A second is planned with Asahi Kasei Corp.

Honda-investment-EVs
2024 Honda Prologue (Source: Honda)

Justin Trudeau, prime minister of Canada, said Honda’s investment is a “game changer for manufacturing in Canada.” With a full supply chain, Honda expects to cut costs by over 20%.

Honda aims for EVs and FCEVS to account for 100% of vehicle sales by 2040. Honda also invested $700 million to retool three Ohio plants to serve as its hub for future EV and EV battery production.

Meanwhile, Honda’s first electric SUV, the Honda Prologue, went on sale earlier this year. Starting at $47,400 (excluding destination), the Prologue offers up to 296 miles range.


2024 Honda Prologue trim
Starting Price
(w/o $1,395
destination fee)
Starting price after
tax credit

(w/o $1,395
destination fee)
Starting price after
tax credit

(with $1,395
destination fee)
EPA Range
(miles)
EX (FWD) $47,400 $39,900 $41,295 296
EX (AWD) $50,400 $42,900 $44,295 281
Touring (FWD) $51.700 $44,200 $45,595 296
Touring (AWD) $54,700 $47,200 $48,595 281
Elite (AWD) $57,900 $50,400 $51,795 273
2024 Honda Prologue prices and range

With the $7,500 federal tax credit, the Prologue’s starting price can fall to as low as $39,900 (excluding destination).

Lace Woelfer, VP of Honda America National Auto Sales, said the Honda Prologue hits the “sweet spot” as a sporty, stylish electric SUV.

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