EV Sales Keep Up Growth in 2022
Report shows pace of adoption building as ICE vehicles wane.

EV deliveries totaled 10.3 million last year, easily outpacing the 6.5 million in 2021.
IMAGE: Mikes-Photography
Electric vehicle sales continued to rise in 2022 and will stay on that trajectory this year, though at a slower pace, according to BloombergNEF analysis.
Worldwide EV deliveries totaled 10.3 million last year, the research provider reported, easily outpacing the 6.5 million in 2021. It projects they could reach 13.6 million this year, by far the greatest share in China. That’s up from 3.2 million in 2020.
U.S. EV sales should jump this year to 1.6 million plug-in vehicles, Bloomberg says, due to expanded production capacity and new federal tax credits.
Since “range anxiety” affects consumer adoption, the growing number of EV chargers could have an impact on demand. Charger installations more than doubled last year to nearly a million, the report said. It predicts that the worldwide network will grow this year to more than four million chargers.
Global EV sales are projected to grow 20.6 million in 2025, Bloomberg said. Rising battery costs won’t curb adoption, it said, because factors affecting prices are also pressuring gas and diesel prices, which are fueling increased demand for EVs.
Increasing EV adoption means worldwide combustion vehicle sales peaked in 2017 and are now in permanent decline, Bloomberg said.
Originally posted on Auto Dealer Today
More Industry

Badger State Dealership Gets New Owner
The longtime southern Wisconsin store moved from one area auto group to another, keeping the business in Dairyland.
Read More →
The Cycle of Negative Equity
Third-quarter data shows consumers still rolling over debt and stretching loan terms, raising their risk of remaining underwater.
Read More →
Charger Network Growth Slows
Despite a projected increase in public EV chargers in 2026, charging infrastructure remains a top concern for consumers as the gap between the most and least EV-friendly places remains substantial.
Read More →
Lenders, Consumers Take on More Auto Loan Risk
September records loosened credit access the most in over a decade as buyers took advantage of the conditions to afford trading, though loan applications fell.
Read More →
Next-Gen Hybrids in Sight
Dealerships can expect to see revamped hybrids from Honda next year as the company rolls out a new system and model lineup.
Read More →
Gem State Stores Change Hands
A larger auto group founded in the industry’s early years sold two franchises to a neighbor group that's on a growth spurt.
Read More →
Charging In Motion
Honda has been researching wireless in-motion charging for electric vehicles since 2025, and new technology developments have put it a step closer to a final product.
Read More →
Twin Cities Stores Sell
Minnesota-based Walser Automotive Group made what it called the most significant acquisition in its history with a three-rooftop deal in Minneapolis.
Read More →
U.S. Auto Sales Still Below Prepandemic Levels
Mobility Global industry observers don’t expect the market to return to the higher volumes that became routine before Covid but to stay well below its potential.
Read More →
The Powertrain Shift
Electric-vehicle owners are backpedaling, according to new data, with product availability driving many to shift back to gas-powered engines.
Read More →