Global Electric Car Stock in Millions
By Lucidity Insights Research Team 03 October 2023

Global Electric Car Stock in Millions

The last few years of EV sales growth have been remarkable.

BYD and Tesla, China and America’s respective leading EV manufacturers posted record sales for several months in 2023; BYD alone sold 641,000 EVs in the first half of 2023, out-selling Tesla’s 564,000 cars sold.

Analysts are expecting 14.5 million EVs to be sold by the end of 2023, marking a sizeable 45% YoY growth.

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Global electric vehicle (EV) stock has surpassed 30 million, and China is home to over half of all the EVs on the world’s roads. 1 in 7 new cars sold last year was electric, and by 2030, we will have 138 Million EVs.