Electric Car Sales Jumped by 55% in 2022

EV sales in 2022: Electric Car Sales Jumped by 55% in 2022 with China in driving seat driving over 70% of overall Growth. Europe sold 2.7M units, USA sales rose by 55%

AUTOMOBILE INDUSTRY NEWS

Salman Chaudhary, Founder Pinkywheels.com

7/18/20233 min read

Electric car on the charger
Electric car on the charger

Electric Car Sales Jumped by 55% in 2022

China in the Driving Seat for EV Sales

The year 2022 witnessed a remarkable surge in the global adoption of electric cars, as the world accelerated its transition towards sustainable transportation. The data on electric car sales in 2022 highlights significant milestones and trends that demonstrate the growing popularity and acceptance of electric vehicles across different regions.

One of the standout statistics is the global sales of electric cars exceeding 10 million units in 2022, representing a staggering 55% increase compared to the previous year. This remarkable growth signifies a significant shift in consumer preferences and the increasing recognition of the benefits of electric mobility. Furthermore, electric car sales accounted for 14% of total car sales in 2022, a substantial rise from the 9% share in 2021 and the less than 1% share back in 2017.

China emerged as a global leader in electric car sales, driving over 70% of the overall growth. The country's dominance is evident, with China accounting for nearly 60% of all new electric car registrations worldwide. Additionally, China boasts more than 50% of the electric cars on the world's roads, solidifying its position as a front runner in the transition to electric mobility. The robust growth in electric car sales in China can be attributed to sustained policy support, cheaper retail prices, and the presence of affordable small electric car models.

Europe also experienced a significant increase in electric car adoption, with sales surpassing 2.7 million units in 2022. This represents a notable growth rate of over 15%. Norway, Sweden, and the Netherlands emerged as the leading countries within the region, demonstrating their strong commitment to sustainable transportation and their supportive policies for electric vehicles. The European market's growth highlights the region's strides towards achieving ambitious climate targets and reducing carbon emissions from the transportation sector.

The United States, another key player in the electric car market, saw a remarkable 55% increase in electric car sales in 2022. Battery electric vehicles (BEVs) played a pivotal role in driving this growth, contributing to the overall increase in electric vehicle adoption. Electric cars accounted for approximately 8% of total car sales in the United States, showcasing the growing popularity and acceptance of electric vehicles among American consumers. The increase in sales can be attributed to a combination of factors, including expanding charging infrastructure, government incentives, and a greater awareness of the environmental benefits of electric cars.

EV on a Charger
EV on a Charger

While the global car market experienced a 3% decrease in total car sales in 2022, electric car sales defied this trend and continued to rise. This resilience in the face of challenging market conditions underscores the increasing demand for electric vehicles and the shifting consumer preferences towards more sustainable transportation options. It also highlights the significant role that electric cars play in achieving global emissions reduction goals.

The surge in electric car sales in 2022 also had a profound impact on the total number of electric vehicles on the world's roads. The global electric car fleet reached a noteworthy milestone of 26 million vehicles, representing a remarkable 60% increase from the previous year. This expansion underscores the accelerating transition to electric mobility and the growing importance of electric vehicles in achieving global sustainability goals.

The data from 2022 paints an optimistic picture for the future of electric car sales. With ongoing advancements in battery technology, expanding model options, and a continued focus on environmental sustainability, electric vehicles are becoming more accessible and appealing to a broader range of consumers. The growth in electric car sales is expected to continue in the coming years, driven by a combination of factors such as government incentives, infrastructure development, and the increasing availability of affordable electric car models.

As the world looks ahead, the momentum in electric car sales will play a vital role in transforming the transportation sector into a more sustainable and environmentally friendly industry. The collective efforts of governments, manufacturers, and consumers in promoting electric mobility will contribute to reducing greenhouse gas emissions, improving air quality, and creating a cleaner and brighter future for generations to come. The data on electric car sales in 2022 provides a promising glimpse into the ongoing global shift towards a greener transportation landscape.