Top 10 leading electric carmakers in Israel 2023

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 15,000 new cars in 2023. Geely and Tesla were the second and third most popular car brands, registering about 7,000 new cars each. According to the source, over 40 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 96,000 vehicles. Chinese manufacturers led this transition, accounting for over 60 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 420,000, a 15 percent increase from the previous year. Toyota led the hybrid market, with nearly 24,000 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.