Electric Vehicle Market Shockingly Skyrockets: Over 1.2 Crore EVs Sold Globally in 2022, Expected to Surpass 1.7 Crore by 2023 End”

According to Quartz, EV car sales is increased by 60% in 2022.

Even though car sales overall were down last year, global sales of electric vehicles increased by around 60% in 2022, surpassing 10 million for the first time.

As a result, according to a recent International Energy Agency report, one in every seven passenger cars sold globally in 2022 will be an EV (IEA). In 2017, only one out of every 70 vehicles sold was an EV.


Sales of conventional cars with internal combustion engines have fallen by a quarter in the last five years, coinciding with this trend. As the environmental impacts of gas-powered vehicles versus electric vehicles become clearer, more people may be persuaded to buy an EV.

Electric vehicle (EV) sales increased globally as production increased, oil prices rose, and targeted policies aimed at supporting them in the market.

China, where one in every four cars purchased in 2022 was an EV; the European Union, with one in every five; and the United States, where nearly one in every ten cars purchased last year will be an EV.

Meanwhile, total car sales are expected to fall by 0.5% to around 75 million in 2022 after increasing in 2021. Car markets in the United States and the European Union shrank the most, by 8% and 4%, respectively. This was caused in part by component shortages, as well as rising inflation and interest rates. However, in some countries, such as China, passenger car sales increased by more than 10%.

While the increase indicates a trend in the push for electrification, it is insufficient to offset global CO2 emissions. According to the IEA, CO2 emissions from SUVs, the most popular type of car purchased, will reach nearly billion tonnes in 2022.

#ElectricVehicles #Sustainability #GreenFuture #CleanEnergy #EVRevolution

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