agent Entrepreneur logo
MenuMENU
SearchSEARCH

EV Sales Keep Up Growth in 2022

Report shows pace of adoption building as ICE vehicles wane.

January 13, 2023
EV Sales Keep Up Growth in 2022

EV deliveries totaled 10.3 million last year, easily outpacing the 6.5 million in 2021.

IMAGE: Mikes-Photography

1 min to read


Electric vehicle sales continued to rise in 2022 and will stay on that trajectory this year, though at a slower pace, according to BloombergNEF analysis.

Worldwide EV deliveries totaled 10.3 million last year, the research provider reported, easily outpacing the 6.5 million in 2021. It projects they could reach 13.6 million this year, by far the greatest share in China. That’s up from 3.2 million in 2020.

Ad Loading...

U.S. EV sales should jump this year to 1.6 million plug-in vehicles, Bloomberg says, due to expanded production capacity and new federal tax credits.

Since “range anxiety” affects consumer adoption, the growing number of EV chargers could have an impact on demand. Charger installations more than doubled last year to nearly a million, the report said. It predicts that the worldwide network will grow this year to more than four million chargers.

Global EV sales are projected to grow 20.6 million in 2025, Bloomberg said. Rising battery costs won’t curb adoption, it said, because factors affecting prices are also pressuring gas and diesel prices, which are fueling increased demand for EVs.

Increasing EV adoption means worldwide combustion vehicle sales peaked in 2017 and are now in permanent decline, Bloomberg said.

READ MORE: U.S. EV Sales Spiked in 2022

Originally posted on Auto Dealer Today

More Industry

Gas pumps.
Industryby Lauren LawrenceJune 15, 2026

Consumer Outlook on the Rise

Younger generations are feeling more positive about their financial futures and current affordability pressures than older generations, according to recent TransUnion data.

Read More →
Group photo of men outside storefront.
Industryby Hannah MitchellMay 28, 2026

Pennsylvania Dealership Under New Retailers

The sale of the Chrysler Dodge Jeep Ram store puts a family auto group on a leaner path as first-time dealers take the helm.

Read More →
Hallway with lockered wiring and computer
Industryby Lauren LawrenceMay 28, 2026

Battery Storage Takes Priority Over EVs

U.S. automakers are prioritizing battery energy stationary storage over electric-vehicle production as the consumer demand for EVs lags the rest of the world.

Read More →
Ad Loading...
Gray-scale photo of a line of Mini cars in a dealership parking lot
Industryby Hannah MitchellMay 27, 2026

Auto Dealers Feel Better But Not Great

A second-quarter Cox Automotive poll of franchised retailers and independents found better views of the current market after a good spring but anticipation of third-quarter storminess.

Read More →
Closeup photo of the front of a white car
Industryby Hannah MitchellMay 21, 2026

New-Vehicle Sales Picture Relative

A May forecast is complicated by last spring’s trade tariff effects on auto retail. Despite continued hard realities, many consumers took advantage of ways to bite the bullet.

Read More →
Nissan logo on front of building
Industryby Lauren LawrenceMay 21, 2026

Auto Group Acquires Third Nissan Rooftop

Iowa-based Coleman Automotive Group recently acquired its seventh dealership, McGrath Nissan, which it renamed Nissan of Elgin.

Read More →
Ad Loading...
Couple talking with auto salesman next to new car inside dealership
Industryby Hannah MitchellMay 20, 2026

April Less Affordable

Based on prices, reduced incentives and slower household income growth, consumers found it more challenging to buy new last month, Cox Automotive reported.

Read More →
Wooden people figures of different colors in a row, similar to board game pieces
IndustryMay 20, 2026

Building an Extraordinary F&I Agency

Work to determine your specialized talent, because that fact will determine everything about your agency’s future.

Read More →
Ingredient card, policies and procedures, fixed operations, variable operations, data security, audit
Industryby Jim GantherMay 19, 2026

Recipe for Compliance

The secret to both amazing barbecue and compliance is the same: understanding the basics and committing to a process.

Read More →
Ad Loading...
Photo of new Chevrolet Bolt parked on a beach
Industryby Hannah MitchellMay 14, 2026

EVs Getting More Attractive

A growing percentage of U.S. consumers are open to switching and fewer are adverse to the idea, according to a recently completed survey. That’s despite the end of a tax break.

Read More →
Ad Loading...