We have been seeing major fluctuations in Electric Vehicle Statistics over the past few years. Also, these statistics are giving great numbers regarding the sales of electric vehicles lately.
There is no denying that the discussion regarding cars nowadays frequently includes electric and hybrid models.
Recently, this debate has gotten louder in part due to the rise in the number of automakers creating either an E.V. or HEV vehicle. With plug-in possibilities, the hybrid market is also expanding.
Despite the fact that Tesla dominates the E.V. sales market in the United States, other producers include B.Y.D. Group, Volkswagen, BMW, Daimler, and Hyundai.
However, a closer look at the current E.V. market reveals that although there are now many different models available, there are still issues and myths that are limiting sales.
Electric Vehicle Statistics: Overview
The market for electric cars is one of the most active in the clean energy sector. In 2021, the number of electric vehicle sales doubled from the previous year to reach a new high of 6.6 million.
Only 120 000 electric vehicles were sold globally in 2012, but in 2021, More than that were sold each week. Also, in 2021, global electric car sales were nearly 10% more than the market share of 2019.
With this, there are now over 16.5 million electric vehicles on the road worldwide, which is three times more than there were in 2018.
Having 2 million sold in the first quarter of 2022, a 75% increase from the same period in 2021, electric car sales have been expanding steadily worldwide.
Estimated worldwide usage of electric vehicles from 2016 to 2021 (segmented by type)
In 2020, there will be 10.2 million electric vehicles on the road globally. Nearly 67% of plug-in electric vehicles in that year were all-electric.
To understand it better, let’s take a look at the estimated amount of E.V.s in use globally from 2016 to 2021.
|Characteristics||Plug-in Hybrid Electric||Battery Electric|
|2016||808.18 Cars||1191.42 Cars|
|2017||1205.61 Cars||1937.42 Cars|
|2018||1834.97 Cars||3264.8 Cars|
|2019||2377.46 Cars||4773.12 Cars|
|2020||3372.73 Cars||6871.65 Cars|
|2021||5224.04 Cars||11274.71 Cars|
In 2020, sales of electric vehicles will have risen to over three million units globally.
The market share of electric vehicles climbed between four and 5% in 2020, while conventional vehicle sales decreased due to the coronavirus epidemic.
About 54% of the world’s battery-electric vehicle population, China had the biggest battery-electric vehicle fleet in 2019.
Worldwide sales of Electric Vehicles between 2016 and 2021, according to regions
Some 1.3 million battery electric vehicles were sold in Europe in 2021, according to data provided by EV-Volumes.
This is an increase of 65% compared to battery electric vehicle sales in the region in 2020.
Overall, the volume of battery electric vehicles sold worldwide steadily increased between 2016 and 2021.
Worldwide sales of battery-based Electric Vehicles 2021
It is expected that battery-electric vehicles will account for 66% of electric vehicle sales worldwide in 2021.
2021 is expected to see the sale of battery-electric vehicles reach around 3.5 million units, up from 2.2 to 2.3 million sold in 2020.
Worldwide sales of plug-in hybrid Electric Vehicles 2012-2021
In 2021, 1.9 million brand-new plug-in hybrid electric vehicles were sold globally. Nearly 30% of electric car sales in 2021 were of plug-in hybrid electric vehicles (PHEVs).
During that same year, battery-electric vehicles made up the majority of sales worldwide.
Range of a few Electric Car Models in 2022
The electric vehicle with the longest driving range produced in the Model Year 2022 was no longer the Tesla Model S Long Range.
Approximately 115 miles more range was measured for the Lucid Air Dream Edition Range than the Model S Long Range for this model year. The Lucid-branded cars have a 520-mile range on a single charge.
The most important consumer worry regarding electric vehicles is distance coverage in one charge.
Top Electric Vehicle companies’ revenue statistics
There has been a huge change in electric vehicle companies’ sales statistics over the past few years. Hence, to understand the in-depth revenue of the E.V. brands, let’s dive deep into the details.
Tesla Revenue: 2008-2021
In the fiscal year 2021, Tesla’s revenue increased by 71 percent to approximately 53.8 billion dollars over the previous year. The United States has been Tesla’s largest sales market.
|Fiscal Year||Revenue in USD|
BYD Group: 2010-2021
China has increased its manufacture of electric automobiles while enacting laws that make it more difficult to purchase gasoline-powered vehicles in an effort to fight the rapidly worsening climate issue.
The B.Y.D. Group, the largest O.E.M. in China, saw revenue of more than 216 billion yuan in 2021, up 38% from the previous year.
52% of the total revenue was generated by electric vehicles and related products, which brought in around 113 billion yuan.
|Fiscal Year||Revenue in Yuan|
Volkswagen AG’s Revenue: 2006-2021
Volkswagen group’s annual revenue arises in the fiscal year 2021. With a revenue of 250.2 billion euros, the automaker also earned a seat among the world’s wealthiest corporations.
With a revenue share of around 30.4% in 2021, the Volkswagen Passenger Cars division contributed the most to the company’s overall revenue.
The major models offered by the flagship brand include hatchbacks, convertibles, and sedans. Also, they offer a variety of minivans and sport utility vehicles (S.U.V.s).
Asia-Pacific has replaced Germany as V.W.’s primary target market, despite the German automaker’s recent flat sales.
Volkswagen-branded vehicles are purchased by consumers in China and Hong Kong ten times more frequently than they are in the U.S.
Between January and November 2020, Volkswagen and other German automakers held a 24% share of the Chinese market.
|Characteristics||Sales Revenue (Euros)|
BMW group global revenue: 2007-2021
The global revenue of the BMW Group was around 111.2 billion euros in 2021. With quarterly sales exceeding 93,033 units, BMW is presently the third-best-selling European automaker in the United States.
Electrification in the BMW group
BMW has made bold goals to increase the sales of electric vehicles in only two years. If effective, this should boost the business’s current 1% market share in Europe for electric passenger cars.
Future goals of the company
The company’s MINI brand will soon be entirely electrified. Also, it may even have impressive plans for fully electric, high-performance sports cars and motorcycles.
In 2030, it is anticipated that there will be 127 million electric vehicles on the road worldwide.
|Characteristics||Sales Revenue (Euros)|
Daimler AG Revenue: 2011-2021
Daimler earned around 154.3 billion euros in sales (or 189.5 billion USD) during the 2020 fiscal year. The amount of revenue was down by almost 15% from the previous fiscal year.
Also, recently in 2022, Daimler A.G. made the debut of Daimler Truck because of the split between Daimler Truck and the Meredes-Benz Group to keep the commercial and passenger car business separate.
|Characteristics||Revenue In Euros|
Hyundai Motor’s Revenue: 2011-2021
In 2021, Hyundai recorded sales of 117.6 trillion South Korean won or roughly 99 billion dollars.
Hyundai made plans to increase its investment in sustainably powered vehicles in an effort to adapt to changes in consumer demand. The business intends to erect its first hydrogen fuel cell facility outside of China.
The most eco-friendly automobile in the world for MY 2019 was already the Hyundai Ioniq Electric.
|Characteristics||Sales Revenue In Billion South Korean Won|
Electric Vehicle Charging Stations in the U.S.
There are a total of 46000 EV charging stations in the U.S.A. With the recent infrastructure bill’s passage, this number is anticipated to rise.
The bill promises to invest more than $5 billion in more E.V. charging stations, along with improving accessibility for drivers around the country.
|State||Number of E.V. charging stations|
Source: U.S. Dept. Of Energy
Top automotive and mobility trends in 2023
Sales of new light vehicles are expected to decline by 7.0% in 2023. The reason is consumers’ spending on expensive things like new cars is restrained by the global economic slump.
Yet the year will nevertheless be a turning moment for the automotive and mobility sectors, influenced by growing sustainability pressures, advanced technology, and shifting customer tastes.
This includes the accelerating use of sustainable fuels and drivetrains, the rapid shift to automated vehicles, and the chances for shared mobility enterprises to adapt mobility-as-a-service.
2023 to set a record for the number of autonomous vehicles on the road.
2023 will be a record year for semi and fully autonomous vehicles as technological advancement will support sophisticated advanced driver assistance systems (ADAS).
Also, self-driving algorithms are declining due to slower economic development despite new light vehicle sales.
Sales of level 3 light vehicles manufactured by S.A.E. (Society of Automotive Engineers) are anticipated to increase by 216% in 2023 compared to 2022.
We’ll witness the introduction of a number of greatly automated vehicles by automotive manufacturers, including the Hyundai Genesis G90 Sedan and the Kia EV9 SUV.
Sales of S.A.E. level 4 vehicles are anticipated to increase 150-fold in 2023, partly as a result of a low base in 2022.
From April 2023, Japan intends to allow a small number of S.A.E. level 4 vehicles on the highways, paving the way for robot taxis and driverless buses.
However, regulating autonomous vehicles will continue to be a barrier as many nations still demand that a driver is in charge of a car when it’s on a public road.
|New light vehicle sales||S.A.E. Levels of autonomy|
Clean mobility: The popularity of electric vehicles will continue to rise despite increased competition from hydrogen
Again, 2023 will be a momentous year for electric automobiles.
In 2023, new passenger car registrations will include battery electric and plug-in hybrid vehicles at a rate of 19%, up from 14% in 2022.
62% of all E.V. registrations worldwide will occur in China in 2023, followed by 21% in Europe and 10% in the U.S. China will continue to be the world’s largest market for E.V.s.
Although 2023 will also be a key year for hydrogen-powered automobiles, as several automakers view this technology as a viable answer to the problem of sustainable transportation.
Honda’s CR-V fuel cell electric vehicle (FCEV) is anticipated to go on sale with a dual fuel system made up of a battery for regular charging and a fuel cell that can run on hydrogen.
Additionally, BMW and Toyota intend to introduce the hydrogen-driven iX5 for fleets in 2023.
Despite the bright future, hydrogen is still a challenging frontier for the automotive and mobility industries.
It’s all a result of the high processing costs for the fuel, flammability safety concerns, and a paucity of hydrogen refueling stations.
As a result, it is still anticipated that E.V.s will dominate the transition to sustainable mobility in 2023, with hydrogen power serving as a longer-term option.
Market consolidation for shared transportation amid a sluggish economy and the move to MaaS
Gross bookings for shared mobility are anticipated to exceed USD 214 billion, up 4.3% from the prior year.
However, growth will continue to be weak amid a deteriorating global economy as businesses and individuals cut back on transportation spending.
This is anticipated to be a problem for unsuccessful businesses that have relied on venture capital financing to stay afloat.
It comes after a difficult year for shared mobility in 2022, during which Volkswagen sold its WeShare car-sharing program to mobility player MILES, based in Berlin.
In a similar manner, Stellantis will purchase SHARE NOW, which was created by the merger of Car2Go from Daimler and DriveNow from BMW.
Due to a lack of venture capital, the shared mobility sector may experience further market consolidation in 2023.
Additionally, businesses are working hard to reassess their business models.
Conclusion: Electric Vehicle Statistics (2023)
Although the market for electric and hybrid vehicles has been for well over a century, their appeal has recently increased.
Although Both hybrid and electric car sales are increasing as hybrids are dominating with their greater flexibility and driving range.
However, multiple manufacturers are now offering options for electric vehicles. That means meaning consumers now have more choices than ever before.
Buyers should see more options as these choices continue to open up and legislation pushes car makers to produce more EVs.
Plus, buyers should be checking more competitive pricing than ever before in the E.V. and hybrid markets.
FAQs: Electric vehicle statistic
E.V. owners experience issues like display screens, door lights on the exterior, and failing temperature sensors and seals.
Electric vehicle batteries go for 10-20 years. However, there are other factors affecting the lifespan of an electric vehicle.
Plug-in vehicle sales are expected to increase from slightly under 10% in 2021 to 23% of new passenger car sales globally in 2025.
While most EVs cost significantly more than an ordinary car, most Americans find it difficult to evaluate them economically.
Combining all of those figures, I can estimate that fewer than 15% of American drivers can afford a set of battery-operated wheels.