Electric Vehicle Sales Review Q4 2022

Spurred by massive OEM investment in exciting new models, meaningful government incentives and a gradually improving charging infrastructure, BEV sales in the US grew by 88% in 2022 in comparison with the previous year – the highest such increase in all analyzed markets. China’s BEV market was close behind, sustaining its dramatic expansion of recent years with sales growth of 85% in 2022. The top five European markets grew by 28% in 2022 relative to the previous year.

It remains to be seen whether a cancellation of incentives, also evident in various other European markets and in China, will have any significant impact on BEV sales growth.

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United States boasted the highest annual growth in BEV sales among all analyzed markets

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