Abstract:

Light-duty vehicles (LDVs) were the vast majority of overall EV sales in 2022, 99%, and heavy-duty vehicles (HDVs) represented the remaining 1%. Battery electric vehicles comprised 73% of EV sales, plug-in hybrid electric vehicles were 27%, and fuel cell electric vehicles were 0.2% of global EV sales. China was again the top market for EVs, with sales increasing by 82% year-over-year to 6.2 million EVs; that was 59% of the global total. It was followed by Europe as a single market, which had a 15% increase in sales to 2.7 million EVs and its sales were 25% of the global total. Rounding out the top three was the United States with a 50% sales increase from the previous year to 994,000 EVs sold in 2022 and 9.3% of the global total. Despite these developments, most markets were still relatively far from meeting their long-term vehicle electrification targets. Additionally, the electrification of the HDV sector, a disproportionate contributor to both air pollution and greenhouse gases, is at an early stage. This demonstrates the importance of further stimulating the EV transition in coming years.