Global EV Sales Exceed 10 Million in 2022, IEA Says

Sales of electric cars rose to more than 10 million in 2022, led by strong surge in the Chinese market that accounted for around 60% of global sales, the International Energy Agency reported on Wednesday.

Sales which include battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs) increased by 55% compared to 2021 and exceeded the 10 million market last year, wrote the report.

To put the figure in perspective, 10 million EV sales worldwide is higher than the total number of cars sold across the entire European Union last year, which was approximately 9.5 million and nearly a half of the total number of cars sold in China.

The total number of electric cars on the road also increased 60% last year to 26 million.

IEA expected worldwide sales to reach almost 14 million this year.