Last year, Norway had the highest number of EV sales per capita, with 20 cars purchased for every 1,000 people, accounting for 65% of all car sales7.
The Nordic nations — Norway, Iceland, Sweden, Denmark and Finland — take the five top spots in our chart of countries with the highest EV market penetration in 2021.
More than half of the electric cars on roads worldwide are now in China and the country has already exceeded its 2025 target for new energy vehicle sales. In Europe, the second largest market, electric car sales increased by over 15% in 2022, meaning that more than one in every five cars sold was electric.
FCAI vFacts data for last month's vehicle sales show that EVs made up 6.8% of the overall market. 88,878 vehicles were sold in February with battery electric vehicles sales making up 5,932 of them. This is a very positive sign for electric vehicle uptake across the country.
China is the frontrunner, with 60% of global electric car sales taking place there in 2022. Today, more than half of all electric cars on the road worldwide are in China.
China is both the largest auto and electric vehicle market in the world, home to an estimated 200 EV manufacturers. Sales of all new vehicles are projected to grow 3% this year to 27.6 million units, according to the China Association of Automobile Manufacturers. EV sales in China far surpass other markets.
Jafari says Australia is underserved in EVs compared with many other countries due to a lack of government EV and climate policies. The majority of EVs are instead flowing to countries that require car manufacturers to sell them in order to meet fuel efficiency standards and CO2 emission reduction schemes.
But in Australia, EV sales represented just two per cent of new car sales. The difference between Australia and other countries isn't down to demand. Polling shows 54 per cent of Australians are considering an EV as their next car. The problem is supply — there simply aren't the EVs in Australia to sell.
That figure is expected to top 100,000 in the coming months. Of the 83,000 in circulation, 79% are battery electric vehicles while 21% are plug-in hybrids. Electric vehicles accounted for 3.8% of all new vehicle sales in Australia in 2022, however their market share varies dramatically by region.
Tesla's largest market is the United States. In the US, Tesla sold almost 181,000 cars during Q1 2023. For comparison, in Q4 of 2022, Tesla sold 131,024 S3XY models.
Tesla (TSLA) is the undisputed leader among the biggest electric car companies by market capitalisation. The EV giant produced over 439,000 and delivered over 405,000 vehicles in the fourth quarter of 2022.
“The City of New York already has the largest electric municipal vehicle fleet in the United States, and I commend the Department of Transportation for committing to replace almost 1,000 more fossil fuel-powered vehicles with electric vehicles and to install 315 new chargers,” said New York City Councilmember Shekar ...
Norway provided incentives such as free tolls, free parking, and tax exemptions to promote zero-emission vehicles. Taxes on zero-emission vehicles were reduced while taxes on polluting vehicles were increased. As EV adoption soared, the country rolled out an extensive charging network.
Of all cities, the Los Angeles metro area boasts the largest number of electric vehicles with roughly 293,000, the brief says. It also has the most charging stations with close to 4,800.
Arguably, one of the significant problems to overcome in Australia, before widespread consumer adoption of EVs, is a lack of infrastructure for power generation and EV charging, ranging from the electricity grid to household levels.
This is due to a couple of key factors — namely, high costs and lack of government support. The high expense of EVs in Australia comes down to us being a right-hand-drive market, with many EVs currently not built that way.
The Centre for Economic Development Australia, in its economic and policy outlook to be released on Friday, said the target of 3.8 million EVs on the road by 2030 would remain a pipe dream without greater policy work given there were only 83,000 at the end of last year.
Battery electric vehicles (BEVS) have a lot less moving parts than a petrol or diesel car. There is relatively little servicing and no expensive exhaust systems, starter motors, fuel injection systems, radiators and many other parts are not needed in an EV.
Electric vehicle sales are spiking in Australia, albeit from a low base, and there's some real momentum building. September 2022 saw EVs hit nearly 8 per cent market share for the first time in a single month, while the federal government has now pledged to create a new National EV Strategy paper.
With rising demand for EVs, China's dominance in the production of these raw materials has made it easier and cheaper for Chinese automakers to produce EVs and expand their market share. Additionally, in the battery cell production business, Asian companies dominate.
The country only mines 13% of the world's lithium but controls 44% of global lithium chemical production, 78% of cathode production and 70% of cell manufacturing for the electric car industry, news agencies reported.
As of May 2020, around 47 percent of the respondents who had charged their vehicles at the public charging stations in China stated that they paid 1.5 to two yuan per kilowatt hour of electricity.
Number of fully electric cars exceeds a million in Germany
In 2022, the number of fully electric cars exceeded 500,000 in four European countries; namely Germany (1,089,854), the UK (641,801), France (605,791) and Norway (603,697). They were followed by the Netherlands (318,485), Sweden (205,212) and Italy (167,213).