Electric
Vehicle
Outlook
2022

The picture today

EV sales

EV sales are surging due to a combination of policy support, improvements in battery technology, more charging infrastructure and new compelling models from automakers. Electrification is also spreading to new segments of road transport, setting the stage for huge changes ahead.

All figures 2021

Passenger EV sales

China still dominates the global EV market, but sales are rising quickly elsewhere too. Battery electrics are pulling ahead of plug-in hybrids and the gap is set to widen further in the years ahead.

Global passenger EV sales by market

Global passenger EV sales by market

Global passenger EV sales by market

Global passenger EV sales by market

Global passenger EV sales by market

Global passenger EV sales by drivetrain

Global passenger EV sales by drivetrain

Global passenger EV sales by drivetrain

Global passenger EV sales by drivetrain

Global passenger EV sales by drivetrain

Note: Includes highway-capable passenger EVs. Excludes low-speed EVs, e-buses and commercial EVs. All figures 2021.

Number of public charging stations

More and more charging points are being built, but each country will have its own optimal mix of home, workplace and public chargers.

Cumulative global public charging connectors


Source: BNEF, China Electric Vehicle Infrastructure Promotion Alliance (EVCIPA), U.S. alternative fuels data centre, Tesla, Chargehub, a range of public and private sources. All figures 2021.

Cumulative global public charging connectors


Source: BNEF, China Electric Vehicle Infrastructure Promotion Alliance (EVCIPA), U.S. alternative fuels data centre, Tesla, Chargehub, a range of public and private sources. All figures 2021.

Cumulative global public charging connectors


Source: BNEF, China Electric Vehicle Infrastructure Promotion Alliance (EVCIPA), U.S. alternative fuels data centre, Tesla, Chargehub, a range of public and private sources. All figures 2021.

Cumulative global public charging connectors


Source: BNEF, China Electric Vehicle Infrastructure Promotion Alliance (EVCIPA), U.S. alternative fuels data centre, Tesla, Chargehub, a range of public and private sources. All figures 2021.

Cumulative global public charging connectors


Source: BNEF, China Electric Vehicle Infrastructure Promotion Alliance (EVCIPA), U.S. alternative fuels data centre, Tesla, Chargehub, a range of public and private sources. All figures 2021.

Oil displacement from EVs

EVs of all types are already displacing 1.5 million barrels per day of oil usage, equivalent to about 3% of total road fuel demand.

Oil displacement by vehicle segment
Oil displacement by vehicle segment

Oil displacement from EVs

EVs of all types are already displacing 1.5 million barrels per day of oil usage, equivalent to about 3% of total road fuel demand.

Oil displacement by vehicle segment
Oil displacement by vehicle segment

Oil displacement from EVs

EVs of all types are already displacing 1.5 million barrels per day of oil usage, equivalent to about 3% of total road fuel demand.

Oil displacement by vehicle segment
Oil displacement by vehicle segment

Oil displacement from EVs

EVs of all types are already displacing 1.5 million barrels per day of oil usage, equivalent to about 3% of total road fuel demand.

Oil displacement by vehicle segment
Oil displacement by vehicle segment

Oil displacement from EVs

EVs of all types are already displacing 1.5 million barrels per day of oil usage, equivalent to about 3% of total road fuel demand.

Oil displacement by vehicle segment
Oil displacement by vehicle segment

Lithium-ion battery demand

Battery demand is rising sharply, putting pressure on the supply chain for materials like lithium, cobalt and nickel.

Annual lithium-ion battery demand by application


Source: BNEF.

Lithium-ion battery demand

Battery demand is rising sharply, putting pressure on the supply chain for materials like lithium, cobalt and nickel.

Annual lithium-ion battery demand by application


Source: BNEF.

Lithium-ion battery demand

Battery demand is rising sharply, putting pressure on the supply chain for materials like lithium, cobalt and nickel.

Annual lithium-ion battery demand by application


Source: BNEF.

Lithium-ion battery demand

Battery demand is rising sharply, putting pressure on the supply chain for materials like lithium, cobalt and nickel.

Annual lithium-ion battery demand by application


Source: BNEF.

Lithium-ion battery demand

Battery demand is rising sharply, putting pressure on the supply chain for materials like lithium, cobalt and nickel.

Annual lithium-ion battery demand by application


Source: BNEF.

Reaching net zero by 2050

This year’s report includes a “Net Zero” scenario which investigates what a potential route to carbon neutrality looks across all segments of road transport by 2050. It also includes five thematic highlights on important emerging topic areas:

  • The EV adoption gap between wealthy and emerging economies
  • Heavy duty long-haul trucking: batteries versus hydrogen fuel cells
  • The value of vehicle-to-grid: A U.K. case study
  • The supply and demand dynamics for battery metals from now to 2030
  • Reshaping mobility demand through modal shifts

Key numbers

$53 Trillion

Size of the electric vehicle market opportunity between today and 2050 in the Economic Transition Scenario

2027

Peak year for road transport oil demand

27%

Increase in global electricity demand in 2050 caused by electrifying almost all of road transport in the Net Zero Scenario

BNEF Clients

BNEF clients can access the full report, including the breakdown by segment, technology and region, as well as the underlying Excel data and previous editions.

Read the full report

Colin McKerracher
Lead author
@colinmckerrache

Aleksandra O’Donovan
Passenger vehicles

Dr. Nikolas Soulopoulos
Commercial vehicles and freight

Andrew Grant
Modeling and shared mobility
@agrant49

Siyi Mi
Two and three wheelers
@siyi_mi

David Doherty
Oil

Ryan Fisher
Charging infrastructure

Corey Cantor
Electric buses

Jinghong Lyu
Modeling

Dr. Kwasi Ampofo
Metals and mining

Dr. Andy Leach

Dr. Andy Leach
Batteries

Yayoi Sekine

Yayoi Sekine
Batteries

Laura Malo Yague

Laura Malo Yague
Data

William Edmonds

William Edmonds
Australia

Komal Kareer

Komal Kareer
India

Takehiro Kawahara

Takehiro Kawahara
Commercial vehicles

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