Electric vehicles

Passenger electric cars are surging in popularity - we estimate that almost one in five new cars sold in 2023 will be electric. Ambitious policy announcements continue to be critical to growth in electric vehicle markets worldwide.

Ev Tall

Key findings

Electric car sales, 2016-2023


Electric car sales break new records with momentum expected to continue through 2023

Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. The share of electric cars in total sales has more than tripled in three years, from around 4% in 2020 to 14% in 2022.

EV sales are expected to continue strongly through 2023. Over 2.3 million electric cars were sold in the first quarter, about 25% more than in the same period last year. We currently expect to see 14 million in sales by the end of 2023, representing a 35% year-on-year increase with new purchases accelerating in the second half of this year. As a result, electric cars could account for 18% of total car sales across the full calendar year. National policies and incentives will help bolster sales, while a return to the exceptionally high oil prices seen last year could further motivate prospective buyers.

Based on current trends, the rollout of electric vehicles is set to avoid the need for 5 million barrels of oil a day by 2030.

Electric car registrations and sales share in China, United States and Europe, 2018-2022


Three major markets dominated global EV sales in 2022

Electric vehicles are the key technology to decarbonise road transport, a sector that accounts for 16% of global emissions.

In 2022, three markets dominated global sales.

China was the frontrunner once again, accounting for around 60% of global electric car sales. In Europe, electric car sales increased by over 15% in 2022, meaning that more than one in every five cars sold was electric. Electric car sales in the United States increased 55% in 2022, reaching a sales share of 8%.
Our work

In operation since 1993, the HEV TCP provides a forum for global co-operation on the development and deployment of electric vehicles. It supplies objective information to support decision making, functions as a facilitator for international collaboration in pre-competitive research and demonstration projects, fosters international exchange of information, and it can promote projects and programmes for research, development, demonstration and deployment.