Home Electric Vehicles A new milestone! Global electric vehicle market share reaches 10% for the first time

A new milestone! Global electric vehicle market share reaches 10% for the first time

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A new milestone! Global electric vehicle market share reaches 10% for the first time

According to the latest statistics, global electric vehicle sales will account for 10 percent of all new vehicle sales for the first time in 2022, up from 8.3 percent in 2021.

Data from LMC Automotive and EV-Volumes.com show that global electric vehicle sales accounted for 10 percent of global sales last year, most of which were in Europe and China. In both markets, manufacturers are focusing on electric vehicle sales and are launching a number of new models while optimizing and improving existing vehicles.

A total of 7.8 million electric vehicles were sold worldwide last year, according to the report. The continued adoption of electric vehicles not only provides consumers with new, sustainable powertrains, but also provides automakers with new revenue streams through subscription-based programs and charging infrastructure.

Electric vehicle sales are likely to grow again by 2023, In a report by S&P Global Mobility, which said it expects electric vehicle sales to reach 10 million units this year, accounting for 14 percent of all new vehicle sales for the year.

In addition, the report said the United States is not as keen on electric vehicles as other markets, but overall sales of electric vehicles have grown. Other figures show that U.S. automakers sold 807,180 electric vehicles last year, up 2.6 percent from the previous year. The report says electric vehicles will account for 5.8 percent of all U.S. vehicle sales in 2022.