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January 1, 2022
Steve Birkett is an electric vehicle advocate based in Greater Boston, Massachusetts. He is a content creator and marketing professional who contributes written and recorded pieces to a wide range of media outlets. His work has been featured in Find The Best Car Price and Torque News, among others. He has also had video content featured on Inside EVs. Birkett was an EV Guide for Plug in America events in Massachusetts (Drive Electric Cambridge and Drive Electric Lowell) and Ohio (Earth Day 2019 at Cleveland Zoo). He participates in quarterly advisory panel meetings for EVolve New York (a state-level charging initiative) and has contributed to focus groups for prominent U.S. charging networks.
Birkett is a father-of-two who loves nothing more than packing up the family and hitting the road in their latest electric car, which is currently a 2020 Chevrolet Bolt EV. With a Chevy Volt and Tesla Model 3 LR in the extended family, plus various EV rentals when he ventures back home to his native United Kingdom, Birkett has more than 60,000 all-electric miles under his belt and is always ready to try out a new electric vehicle.
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Before COVID-19, EVs were gaining popularity and eating up a significant share of the car market. The pandemic and the inventory shortage disrupted the auto industry as a whole, with EVs taking a hit like everyone else, but it maintained steady sales as the year progressed. For more general car buying statistics, check out our post here.
As governments, automakers, and consumers begin to embrace EVs, what does the future hold?
As we close out the year, there are many key EV stats to consider. So our experts have reviewed some of the most important and interesting electric vehicle trends and statistics.
We surveyed 2,000 car buyers to see their preferences and views on EVs in 2022. Check out the survey results here.
Table of Contents
Need an expert quote for your story? We’re happy to help. Contact our Senior EV Editor Steve Birkett.
EVs are recovering as the overall state is overwhelmingly positive, with many seeing the reasons behind buying an electric car and planning to enter the market. But, we did find that there are differences in key regions. For example, in the US, Tesla is the major player while BYD is the leading brand in China.
The major concern for EV adoption in the US in 2021 is charging infrastructure, which is closely tied to the other barrier of driving range. Consumers are not as concerned about the price, but it is still on their minds as they compare EV and ICE models. It’s not always a simple swap, and preparation has to be done before buying an EV. While other countries are quicker to rebound from the drop in EV sales, the US continues to lag for several key reasons.
Up to this point, many EV car buyers were Gen X males, likely due to the premium price tag. However, we can expect Millennials to know the key EV facts to be able to drive the change to EV technology. While Baby Boomers are slower to adopt, they too show promise to change to EVs. Overall, automakers are well-served to target Millennials, while still considering their unique sub-markets.
The future of EVs is bright, albeit with some significant regional variation. Several automakers are accelerating EV launch plans, with many new models to come in the upcoming years. Tightening government regulations are a huge driving force for EVs, and differences in policies affect EV adoption around the world. EV manufacturers are still working to eliminate the biggest barriers to entry, which they are already addressing at an impressive rate.
The auto industry is already announcing 2022 production shortfalls, which can have a detrimental impact on how the EV market grows. This could be a result of a variety of different reasons, however, chip shortages are a key factor.
While COVID-19 certainly disrupted the growth of the EV market, the industry shows no signs of slowing down. However, the recent semiconductor shortage has impacted EV production. Most experts believe this shortage will carry through 2022, but the severity and scope will drop throughout the year.
Government policies, reduction of purchase barriers, automaker adoption, and changing consumer attitudes are all top factors that contribute to the expected growth of the EV industry.
This year, we did not see the EV sales we expected, but the market shows immense promise for bouncing back. At first, early adopters of EV were overwhelmingly Gen X men, but the future of EV lies heavily with Millennials.
While car shoppers still have some concerns about making the switch to EVs, automakers are working hard to address their concerns and eliminate the remaining barriers to purchase. Overall, many of these electric vehicle statistics show that we can expect immense growth of the segment worldwide, as infrastructure expands and EV technology rapidly improves.
For more EV-related stats, check out the results and analysis of our EV survey.
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Tesla dominates the US EV market, with the Tesla Model 3 making up almost half of all EV sales. The most sought-after EV model in 2021 was the Tesla Model Y.
The average battery pack in an EV is 279 miles in 2021. It is expected to exceed 300 miles by 2023.
Some of the main reasons include lack of government commitments to EVs, unavailability of EVs, the premium cost, lack of charging stations, and concerns over the driving range.
Millennials are more accepting of EVs than Baby Boomers, although both demographics are eager to see more EVs introduced. Currently, Gen-X men are most likely to buy an electric car. State and federal incentives are the biggest purchase motivators.
HIS Markit predicts there will be 130 available models by 2026, offered by 43 brands. Hyundai alone plans on three new hybrid vehicles, two plug-in crossovers, and three battery EVs by the end of 2022. Ford is investing $11.5 billion in electrifying its lineup.
Deloitte estimates some barriers for EVs to be obsolete. The driving range is catching up to traditional ICE vehicles, price is becoming more equal after subsidies, and the number of available models is increasing.
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