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10.3 million

EVs sold globally in 2022

15%

2022 EV penetration in total passenger vehicle sales

20x

Growth in emerging markets EV sales (excluding Mainland China) since 2017

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EV global passenger sales

Global passenger EV sales hit 10.3 million in 2022, more than tripling from two years earlier.

In six years, the penetration of EVs in total passenger vehicle sales jumped 10-fold. EVs accounted for 15% of global car sales in 2022, up from just 1.4% in 2017.

EVs sales by market type

In developed markets, EV sales (both battery-electric and plug-in hybrid) jumped 21% year-on-year in 2022, to 4 million, reaching over 14% of these regions' total passender car sales. The US was the top market for EV sales in this group, with over 970,000 EVs sold.

Mainland China accounted for nearly 96% of EV sales (both battery-electric and plug-in hybrid) in emerging markets in 2022, with 6.1 million vehicles sold. Other emerging markets saw steep EV sales growth from 2021 to 2022, nearly doubling to reach a combined 208,000 units. Sales have grown more than 17-fold since 2017, though the overall figures remain small.

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Climatescope 2023 print report cover

Power Transition Factbook

This marks the 12th anniversary of Climatescope, BNEF’s annual assessment of energy transition opportunities. In recent years, the project has been expanded to include activity not just in clean power, but also in the decarbonization of transportation and buildings.

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