China’s dominance in electric vehicles is perhaps best demonstrated when looking at the chart outlining the Top 10 Countries by Total EV Stock in 2022, when China houses 4.7X the absolute number of EVs driving on US roads. Today, there are 14.7 million EVs driving in China compared to 3 million in the USA, and just under 2 million in Germany.
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.