Roughly 1-in-7 new vehicles sold were electric in 2022 , with the market share of EVs growing annually. This was also the first year Tesla was not the top selling brand, with its market share dropping to 12% down from 14% from 2021.
Overall, the growth in electric vehicle manufacturing over the last ten years has been significant, and this trend is expected to continue as more automakers invest in EV technology and governments push for more sustainable transportation options.
The growth in EV manufacturing has been significant over the last ten years. According to the International Energy Agency (IEA), the number of electric cars on the road worldwide reached 10 million in 2020, up from just a few thousand a decade ago. This growth has been driven by a combination of government incentives, technological advancements, and consumer demand for cleaner and more sustainable transportation options.
In terms of production, the top three electric car manufacturers by volume are currently Tesla, BYD, and Volkswagen. Tesla, in particular, has seen significant growth over the last decade, with its production of electric cars increasing from just a few thousand in 2011 to over 500,000 in 2020. Other major automakers such as Ford, General Motors, and BMW have also increased their production of electric vehicles in recent years.
Furthermore, the growth in EV manufacturing has led to an increase in the number of charging stations worldwide, making it easier for consumers to own and operate electric vehicles. Governments around the world have also implemented policies to encourage the adoption of electric vehicles, such as tax incentives, rebates, and stricter emissions regulations.
Overall, the growth in electric vehicle manufacturing over the last ten years has been significant, and this trend is expected to continue as more automakers invest in EV technology and governments push for more sustainable transportation options.
Source: https://www.ev-volumes.com/
Originally published here.
