13% of all new car sales were electric in 2022, which raised the global EV stock to 25.9 million units. This number continues to rise, with many analysts expecting the world to break the 40 million Electric Vehicles to be roaming our streets by the end of 2023. Over 14 million EVs call China home, which represents 54% of global stock. Nearly 3 million EVs call the US home, representing 11% of global stock; but nearly half of those are registered and parked in the single state of California. Germany houses 7% of global EV stock, being home to nearly 2 million electric cars. France, the UK and Norway all follow.
The State of the Electric Vehicle Revolution 2023
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.