Transport
105%
Growth in global EV sales from 2020 to 2021
8.7%
Share of EV sales in total passenger vehicle sales in 2021
87%
Growth of global investment in clean transportation from 2020 to 2021
Battery pack prices
Since 2010, battery prices have fallen 89% and are nearing levels where the upfront costs of EVs can start to be competitive with internal combustion engine vehicles (ICE) without subsidies. Battery prices fell again in 2021, dropping 6% year-over-year to $132/kWh, due to growing order sizes from leading manufacturers, higher battery electric vehicle sales and the introduction of new cell and pack designs.
Source: BloombergNEF Electric Vehicle Outlook
EV charging infrastructure
There were over 1.8 million installed public charging connectors globally at the end of 2021, an increase of 35% from 2020. Mainland China remained the global leader on public charging, with 1.15 million cumulative installed connectors by the end of 2021.
Source: BloombergNEF Electric Vehicle Outlook
EV share of vehicle sales by market
In over half of the global car market, EV adoption is still below 10% of sales. This includes countries like the US and Japan, which are still looking to catch up. Roughly 30% of the global car market is in countries where EV adoption is currently very low.
Source: BloombergNEF Zero-Emission Vehicles Factbook
EV global fleet
The global fleet of passenger EVs keeps growing – 59% per year on average since 2015 – and by June 2022 there were over 21 million EVs on the road globally. Nearly half of that fleet (47%) is currently located in Mainland China, followed by Europe at 32%.
Source: BloombergNEF Zero-Emission Vehicles Factbook
EV global passenger sales
Global passenger EV sales reached 6.6 million in 2021, more than doubling from 2020. From 2020 to 2021 alone, annual sales spiked 105%.
Source: BloombergNEF Climatescope 2022
EV global passenger share of sales
EV sales also accounted for 8.7% of global car sales in 2021.
Source: BloombergNEF Climatescope 2022
