Today, BloombergNEF has published an updated ‘dashboard’ tracking the latest progress on zero-emission vehicles adoption, covering key statistics such as vehicle sales, charging infrastructure deployment and oil demand impacts.
The dashboard has been produced for the Zero-Emission Vehicles Transition Council (ZEVTC), in consultation with the UK Department for Business, Energy and Industrial Strategy (BEIS) and the US Environmental Protection Agency (EPA). This edition includes data up to and including the first half of 2022.
Key findings include:
- Global passenger electric vehicle (EV) sales grew by 63% (year-on-year) in the first half of 2022, to nearly 4.3m units. China and Europe have led the global passenger EV market since 2015 and accounted for 84% of global EV sales in the first half of 2022. Sales growth in Europe has slowed to 12% year-on-year, while China now plays a much more prominent role, growing at 115% year-on-year.
- ZEV Transition Council member countries combined were responsible for 42% of global passenger EV sales in 1H 2022.
- EVs accounted for 13% of global passenger vehicle sales in 1H 2022, or 9% when excluding plug-in hybrids (PHEVs). This is the same as in the last quarter of 2021, but higher than the full-year average for 2021.
- The adoption of electric vehicles and fuel cell vehicles are expected to avoid almost 1.7 million barrels of oil per day in 2022, up from 1.5 million barrels per day in 2021. This is about 3.8% of total demand.
- The US, Netherlands and France have the largest networks of public EV charging connectors within the ZEVTC, exceeding 122,000, 98,000 and 82,00 respectively. When normalizing for the size of the overall vehicle fleet, the top three countries for charging deployment are the Netherlands, Norway and Sweden. India grew its network the fastest of all in the first half of 2022.
Note: the dashboard presents data on electric vehicles (EVs) including both battery electric vehicles (BEVs) and plug-in hybrids (PHEVs), as well as fuel cell vehicles (FCVs) – even though PHEVs are not truly zero-emission.