Industry Players & Movement

2022 EV Highlights China accounted for over 50% of new EV sales in 2022, with an estimated 6 million EV’s registered. BYD led new EV sales with ~17% market share globally between BEV and PHEV models, although Tesla is still the leader in pure BEV sales. BCG estimates 20% of light vehicles sold globally in 2025 will be BEV’s, rising to 59% in 2035. By comparison, the previous year’s projection was 11% in 2025 and 45% in 2035. Charging infrastructure, critical mineral supply for batteries, and vehicle manufacturing continue to be major areas of focus for large auto OEMs in transitioning to the EV economy.

Data accurate as of November, 2022 EV Sales include BEV’s and PHEV’s 2025e* & 2030e* numbers projected from IEA data, EV-Volumes

Industry: Industry Movement Source: 1. IEA 2022 Global EV Outlook, 2. InsideEVs Top 2022 Brands 3. BCG EV Projections, 2022 EV Sales Projections

Volta Foundation

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