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Visualizing U.S. EV Sales in H1 2023

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Visualizing U.S. EV Sales in H1 2023

Visualizing U.S. EV Sales in H1 2023

This graphic breaks down the number of EVs each brand sold in the U.S. during the first six months of 2023, from Jan 1 to June 30th.

The main takeaway of this data, which comes from S&P Global Mobility, is that Tesla has outsold all of its rivals combined over the time period. See below for the data in tabular format.

AutomakerSales
Tesla325,291
GM37,164
VW Group29,137
Ford26,849
Hyundai Motor Group22,875
Rivian17,969
BMW17,512
Mercedes-Benz16,287
Volvo Polestar12,995
Nissan8,444
Toyota Motor Corp.6,039
Lucid3,191
Subaru2,946

Based on these numbers, Tesla’s H1 2023 sales of 325,291 EVs was 61.5% greater than the collective sales of its competitors (201,408 EVs).

Tesla’s Price War

A key driver of Tesla’s strong performance has been its ability to repeatedly reduce prices on popular models like the Model Y. The price cuts are possible thanks to the company’s relatively strong profit margins, which we covered in a previous graphic.

In that graphic, it was revealed that Tesla earned substantial net profits of $9,574 per vehicle sold, significantly higher than rivals like GM ($2,150), Toyota ($1,197), and Volkswagen ($973).

Tesla’s first round of price cuts came in 2022, with several more following throughout 2023. This has put significant pressure on competitors like Ford, which are already struggling with EV profitability. For example, Ford Model e (Ford’s EV division) has posted losses of $900M in 2021, $2.1B in 2022, and an expected $3B in 2023.

Taking Advantage of Federal EV Credits

Another factor to consider is the Inflation Reduction Act of 2022, which revised tax credits for EVs. In short, EVs (and their batteries) must now be assembled in North America to qualify.

This legislation change has benefitted Tesla, as it means many foreign competitors like VW, BMW, and Hyundai no longer qualify for the credit.

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Ranked: Countries with the Most Embassies Around the World

The Global Diplomacy Index attempts to quantify and compare diplomatic networks by ranking countries with the most embassies worldwide.

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A map of the countries with the most embassies worldwide.

Mapped: Countries with the Most Embassies Around the World

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Itโ€™s easy to contextualize a country’s economic might (GDP) or military prowess (military budgets), but what about diplomatic influence?

The Global Diplomacy Index by the Lowy Institute is an attempt to measure and compare diplomatic networks worldwide to understand the foreign ties that influence geopolitics.

From their 2024 update, we visualize the top 25 countries with the most embassies worldwide. Data for this graphic is current up to November 2023, and does not reflect diplomatic consequences from the Israel-Hamas war.

Ranked: Countries by Worldwide Embassy Count

China leads with 173 embassies around the world, eclipsing the U.S. (168) by just five more foreign posts.

Former colonial powers, France (158) and the UK (156) rank third and fourth respectively. Japan (152) rounds out the top five.

RankCountryEmbassies Overseas
1๐Ÿ‡จ๐Ÿ‡ณ China173
2๐Ÿ‡บ๐Ÿ‡ธ U.S.168
3๐Ÿ‡ซ๐Ÿ‡ท France158
4๐Ÿ‡ฌ๐Ÿ‡ง UK156
5๐Ÿ‡ฏ๐Ÿ‡ต Japan152
6๐Ÿ‡ฉ๐Ÿ‡ช Germany148
7๐Ÿ‡น๐Ÿ‡ท Tรผrkiye145
8๐Ÿ‡ท๐Ÿ‡บ Russia143
9๐Ÿ‡ง๐Ÿ‡ท Brazil135
10๐Ÿ‡ฎ๐Ÿ‡ณ India135
11๐Ÿ‡ฎ๐Ÿ‡น Italy124
12๐Ÿ‡ช๐Ÿ‡ธ Spain114
13๐Ÿ‡ฐ๐Ÿ‡ท South Korea114
14๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands106
15๐Ÿ‡ธ๐Ÿ‡ฆ Saudi Arabia104
16๐Ÿ‡จ๐Ÿ‡ญ Switzerland102
17๐Ÿ‡จ๐Ÿ‡ฆ Canada98
18๐Ÿ‡ฟ๐Ÿ‡ฆ South Africa98
19๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia92
20๐Ÿ‡ต๐Ÿ‡ฑ Poland91
21๐Ÿ‡จ๐Ÿ‡ฟ Czech Republic91
22๐Ÿ‡ต๐Ÿ‡ฐ Pakistan89
23๐Ÿ‡ฆ๐Ÿ‡ท Argentina87
24๐Ÿ‡ญ๐Ÿ‡บ Hungary87
25๐Ÿ‡ธ๐Ÿ‡ช Sweden87

Note: As of November, 2023.

The index notes some key findings in the regional footprint of all these foreign posts as well.

For example, China has a larger diplomatic presence in Africa, East Asia, and the Pacific, while the U.S. leads in the Americas, Europe, and South Asia. This reflects the two superpowersโ€™ trade and economic ties as well.

Meanwhile, Tรผrkiye and India have grown their diplomatic networks the most in recent years. Interestingly, both countries prioritized Africa in their new outreach. In fact, India is a key export destination for many African countries.

Russia meanwhile had to close 14 foreign missions since it invaded Ukraine in 2022, slipping two ranking spots between 2017 and 2022.

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