GITNUXREPORT 2026

Automotive Electric Vehicles Industry Statistics

The electric vehicle industry is growing rapidly worldwide, with sales surging 35% last year.

Rajesh Patel

Team Lead & Senior Researcher with over 15 years of experience in market research and data analytics.

First published: Feb 13, 2026

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Statistic 1

Average EV battery pack price fell to USD 139/kWh in 2023.

Statistic 2

LFP batteries captured 41% of global EV battery market in 2023.

Statistic 3

Solid-state battery prototypes achieve 500 Wh/kg energy density.

Statistic 4

CATL launched 4C superfast charging batteries enabling 400km range in 10 min.

Statistic 5

Global EV battery demand reached 750 GWh in 2023.

Statistic 6

Sodium-ion batteries entering market with 160 Wh/kg density at 30% lower cost than LFP.

Statistic 7

Battery recycling capacity projected to reach 3.5 million tons by 2030.

Statistic 8

LG Energy Solution supplied 200 GWh batteries in 2023.

Statistic 9

Panasonic 4680 cells production ramped to 100 GWh capacity by 2024.

Statistic 10

Battery warranty averages 8 years/160,000 km covering 70% capacity retention.

Statistic 11

Silicon anodes in development boost energy density by 20-30%.

Statistic 12

Global battery manufacturing capacity 2.5 TWh in 2023, 80% in China.

Statistic 13

Fast-charging batteries degrade 10% less with AI thermal management.

Statistic 14

Semi-solid state batteries tested with 350 Wh/kg and 10-min charge.

Statistic 15

Battery second-life applications in grid storage grew 50% in 2023.

Statistic 16

Cost of NMC batteries dropped 14% to USD 95/kWh in China 2023.

Statistic 17

Global public EV chargers numbered 4 million in 2023, up 40%.

Statistic 18

China has 2.7 million public chargers, 70% of global total.

Statistic 19

US public charging ports reached 168,000 in 2023.

Statistic 20

Europe added 300,000 chargers in 2023, total 630,000.

Statistic 21

Fast chargers (>150kW) grew 55% to 500,000 globally.

Statistic 22

Electrify America network expanded to 4,300 stalls in US.

Statistic 23

Tesla Supercharger network has 50,000 stalls worldwide.

Statistic 24

Home charging accounts for 80% of EV charging sessions globally.

Statistic 25

Wireless charging pilots achieve 11kW with 93% efficiency.

Statistic 26

Megawatt charging system (MCS) standardized for trucks at 3.75MW.

Statistic 27

India plans 1 million chargers by 2030, 100,000 by 2024.

Statistic 28

Level 3 chargers utilization averaged 20% in 2023.

Statistic 29

Bidirectional charging (V2G) deployed in 50,000 ports globally.

Statistic 30

Australia charger network grew to 50,000 ports in 2023.

Statistic 31

Japan has 37,000 fast chargers, targeting 150,000 by 2030.

Statistic 32

EV charging market revenue USD 25 billion in 2023.

Statistic 33

Global electric vehicle sales reached 14 million units in 2023, representing a 35% year-over-year increase and accounting for 18% of total passenger car sales worldwide.

Statistic 34

The EV market size was valued at USD 383.2 billion in 2023 and is projected to grow to USD 951.5 billion by 2028 at a CAGR of 20.0%.

Statistic 35

China dominated the global EV market with 60% share in 2023, selling over 8.1 million units.

Statistic 36

EV market in Europe grew by 37% in 2023, with total sales exceeding 2.6 million units.

Statistic 37

US EV sales hit 1.2 million in 2023, up 40% from 2022, capturing 7.6% market share.

Statistic 38

Projected global EV sales to reach 17 million in 2024, with 20% market share.

Statistic 39

India's EV market expected to grow at 49% CAGR from 2023-2030, reaching USD 110 billion.

Statistic 40

Battery electric vehicles (BEVs) accounted for 70% of global EV sales in 2023.

Statistic 41

Luxury EV segment grew 25% in 2023, led by Tesla Model Y and BMW i4.

Statistic 42

Southeast Asia EV market projected to reach 1.3 million units by 2025.

Statistic 43

Global EV production capacity expected to hit 40 million units annually by 2030.

Statistic 44

Norway leads with 82% EV market share in 2023.

Statistic 45

EV aftermarket projected to grow to USD 30 billion by 2030 at 15% CAGR.

Statistic 46

Middle East EV market to grow at 28% CAGR through 2030.

Statistic 47

Africa EV market nascent but projected 50% CAGR 2024-2030.

Statistic 48

Global light-duty EV stock reached 40 million by end-2023.

Statistic 49

Two-wheelers EVs grew 40% globally in 2023 to 13 million sales.

Statistic 50

Commercial EV vans sales up 30% to 500,000 units in 2023.

Statistic 51

EV penetration in fleet vehicles reached 15% in corporate fleets in 2023.

Statistic 52

Global EV financing market valued at USD 250 billion in 2023.

Statistic 53

Market Growth category has 30 stats: Global EV sales 14M in 2023 up 35%.

Statistic 54

EV market USD 383B in 2023 to 951B by 2028 CAGR 20%.

Statistic 55

China 60% global EV share 8.1M units 2023.

Statistic 56

Europe EV sales 2.6M up 37% 2023.

Statistic 57

US EV sales 1.2M up 40% 7.6% share 2023.

Statistic 58

Projected 17M EV sales 20% share 2024.

Statistic 59

India EV CAGR 49% to USD110B by 2030.

Statistic 60

BEVs 70% global EV sales 2023.

Statistic 61

Luxury EV segment up 25% 2023 Tesla Model Y lead.

Statistic 62

SE Asia EV 1.3M by 2025.

Statistic 63

EV production capacity 40M units/year by 2030.

Statistic 64

Norway 82% EV share 2023.

Statistic 65

EV aftermarket USD30B by 2030 CAGR15%.

Statistic 66

Middle East EV CAGR28% to 2030.

Statistic 67

Africa EV CAGR50% 2024-2030.

Statistic 68

Global light-duty EV stock 40M end-2023.

Statistic 69

Two-wheeler EVs 13M sales up40% 2023.

Statistic 70

Commercial EV vans 500k sales up30% 2023.

Statistic 71

Fleet EV penetration 15% corporate 2023.

Statistic 72

EV financing USD250B 2023.

Statistic 73

Tesla held 19.3% global EV market share in 2023 with 1.8 million deliveries.

Statistic 74

BYD sold 3 million new energy vehicles in 2023, including 1.6 million BEVs.

Statistic 75

Volkswagen Group EV sales reached 771,000 units in 2023, up 35%.

Statistic 76

Ford sold 116,000 EVs in US in 2023, doubling from 2022.

Statistic 77

Hyundai-Kia EV sales hit 268,000 units globally in 2023.

Statistic 78

GM sold 75,000 EVs in 2023, led by Chevy Bolt.

Statistic 79

Rivian delivered 50,122 vehicles in 2023.

Statistic 80

Lucid delivered 6,001 vehicles in 2023.

Statistic 81

NIO delivered 160,038 EVs in 2023.

Statistic 82

Polestar sold 54,600 vehicles in 2023.

Statistic 83

BMW EV sales up 74% to 375,716 units in 2023.

Statistic 84

Mercedes-Benz EV sales reached 222,600 units in 2023.

Statistic 85

Audi delivered 228,000 EVs in 2023.

Statistic 86

Porsche Taycan sales 8,000 units globally in 2023.

Statistic 87

US Tesla sales 654,888 units in 2023.

Statistic 88

Europe Tesla registrations 270,000 in 2023.

Statistic 89

China Tesla sales 603,000 units in 2023.

Statistic 90

MG4 EV best-seller in UK with 27,000 sales in 2023.

Statistic 91

Fiat 500e top EV in Italy with 25,000 registrations.

Statistic 92

Toyota bZ4X sales 30,000 globally in 2023.

Statistic 93

Tesla 19.3% share 1.8M deliveries 2023.

Statistic 94

BYD 3M NEVs 1.6M BEVs 2023.

Statistic 95

VW Group 771k EVs up35% 2023.

Statistic 96

Ford 116k US EVs double 2023.

Statistic 97

Hyundai-Kia 268k global EVs 2023.

Statistic 98

GM 75k EVs Chevy Bolt lead 2023.

Statistic 99

Rivian 50k vehicles 2023.

Statistic 100

Lucid 6k vehicles 2023.

Statistic 101

NIO 160k EVs 2023.

Statistic 102

Polestar 54.6k vehicles 2023.

Statistic 103

EVs avoided 220 million tons CO2 emissions in 2023.

Statistic 104

Lifecycle emissions of EVs 50-70% lower than ICE vehicles.

Statistic 105

Battery production emissions fell 50% since 2015 due to cleaner grids.

Statistic 106

EVs saved 1.4 million barrels of oil daily in 2023 equivalent.

Statistic 107

Renewable energy share in EV charging reached 30% in Europe 2023.

Statistic 108

Global EV fleet efficiency improved 15% to 3.5 km/kWh average.

Statistic 109

Mining for EV batteries uses 50% less water per kWh than 2010.

Statistic 110

Recycled battery materials reduced virgin mining by 20% in 2023.

Statistic 111

EV adoption cuts urban air pollution by 40% in high-penetration cities.

Statistic 112

Noise reduction from EVs equivalent to 5-10 dB in cities.

Statistic 113

95% of EV batteries recyclable, recovering 95% cobalt, nickel.

Statistic 114

Green steel for EVs reduces production emissions 70%.

Statistic 115

EV grid integration stabilized renewables at 40% penetration.

Statistic 116

Lifecycle GHG savings 66% for BEVs vs gasoline cars in EU.

Statistic 117

Tesla Gigafactory emissions offset by renewables in 1.5 years.

Statistic 118

Global EV material demand sustainable by 2030 with recycling.

1/118

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From commanding a staggering 60% of the global market to fueling explosive growth on nearly every continent, the electric vehicle revolution has officially shifted from a niche trend into the dominant force reshaping the entire automotive landscape.

Key Takeaways

Global electric vehicle sales reached 14 million units in 2023, representing a 35% year-over-year increase and accounting for 18% of total passenger car sales worldwide.
The EV market size was valued at USD 383.2 billion in 2023 and is projected to grow to USD 951.5 billion by 2028 at a CAGR of 20.0%.
China dominated the global EV market with 60% share in 2023, selling over 8.1 million units.
Tesla held 19.3% global EV market share in 2023 with 1.8 million deliveries.
BYD sold 3 million new energy vehicles in 2023, including 1.6 million BEVs.
Volkswagen Group EV sales reached 771,000 units in 2023, up 35%.
Average EV battery pack price fell to USD 139/kWh in 2023.
LFP batteries captured 41% of global EV battery market in 2023.
Solid-state battery prototypes achieve 500 Wh/kg energy density.
Global public EV chargers numbered 4 million in 2023, up 40%.
China has 2.7 million public chargers, 70% of global total.
US public charging ports reached 168,000 in 2023.
EVs avoided 220 million tons CO2 emissions in 2023.
Lifecycle emissions of EVs 50-70% lower than ICE vehicles.
Battery production emissions fell 50% since 2015 due to cleaner grids.

The electric vehicle industry is growing rapidly worldwide, with sales surging 35% last year.

Battery Technology

Average EV battery pack price fell to USD 139/kWh in 2023.
LFP batteries captured 41% of global EV battery market in 2023.
Solid-state battery prototypes achieve 500 Wh/kg energy density.
CATL launched 4C superfast charging batteries enabling 400km range in 10 min.
Global EV battery demand reached 750 GWh in 2023.
Sodium-ion batteries entering market with 160 Wh/kg density at 30% lower cost than LFP.
Battery recycling capacity projected to reach 3.5 million tons by 2030.
LG Energy Solution supplied 200 GWh batteries in 2023.
Panasonic 4680 cells production ramped to 100 GWh capacity by 2024.
Battery warranty averages 8 years/160,000 km covering 70% capacity retention.
Silicon anodes in development boost energy density by 20-30%.
Global battery manufacturing capacity 2.5 TWh in 2023, 80% in China.
Fast-charging batteries degrade 10% less with AI thermal management.
Semi-solid state batteries tested with 350 Wh/kg and 10-min charge.
Battery second-life applications in grid storage grew 50% in 2023.
Cost of NMC batteries dropped 14% to USD 95/kWh in China 2023.

Battery Technology Interpretation

The industry is feverishly innovating on every front, making EVs cheaper and smarter to build, charge, and even retire, but let's be honest—it's all a mad dash to make that anxiety-inducing phone in your car last as long as the car itself.

Charging Infrastructure

Global public EV chargers numbered 4 million in 2023, up 40%.
China has 2.7 million public chargers, 70% of global total.
US public charging ports reached 168,000 in 2023.
Europe added 300,000 chargers in 2023, total 630,000.
Fast chargers (>150kW) grew 55% to 500,000 globally.
Electrify America network expanded to 4,300 stalls in US.
Tesla Supercharger network has 50,000 stalls worldwide.
Home charging accounts for 80% of EV charging sessions globally.
Wireless charging pilots achieve 11kW with 93% efficiency.
Megawatt charging system (MCS) standardized for trucks at 3.75MW.
India plans 1 million chargers by 2030, 100,000 by 2024.
Level 3 chargers utilization averaged 20% in 2023.
Bidirectional charging (V2G) deployed in 50,000 ports globally.
Australia charger network grew to 50,000 ports in 2023.
Japan has 37,000 fast chargers, targeting 150,000 by 2030.
EV charging market revenue USD 25 billion in 2023.

Charging Infrastructure Interpretation

China's charging armada has already lapped the field, leaving the rest of the world to play catch-up in a race where, for now, the real winner is still the humble home plug.

Market Growth

Global electric vehicle sales reached 14 million units in 2023, representing a 35% year-over-year increase and accounting for 18% of total passenger car sales worldwide.
The EV market size was valued at USD 383.2 billion in 2023 and is projected to grow to USD 951.5 billion by 2028 at a CAGR of 20.0%.
China dominated the global EV market with 60% share in 2023, selling over 8.1 million units.
EV market in Europe grew by 37% in 2023, with total sales exceeding 2.6 million units.
US EV sales hit 1.2 million in 2023, up 40% from 2022, capturing 7.6% market share.
Projected global EV sales to reach 17 million in 2024, with 20% market share.
India's EV market expected to grow at 49% CAGR from 2023-2030, reaching USD 110 billion.
Battery electric vehicles (BEVs) accounted for 70% of global EV sales in 2023.
Luxury EV segment grew 25% in 2023, led by Tesla Model Y and BMW i4.
Southeast Asia EV market projected to reach 1.3 million units by 2025.
Global EV production capacity expected to hit 40 million units annually by 2030.
Norway leads with 82% EV market share in 2023.
EV aftermarket projected to grow to USD 30 billion by 2030 at 15% CAGR.
Middle East EV market to grow at 28% CAGR through 2030.
Africa EV market nascent but projected 50% CAGR 2024-2030.
Global light-duty EV stock reached 40 million by end-2023.
Two-wheelers EVs grew 40% globally in 2023 to 13 million sales.
Commercial EV vans sales up 30% to 500,000 units in 2023.
EV penetration in fleet vehicles reached 15% in corporate fleets in 2023.
Global EV financing market valued at USD 250 billion in 2023.
Market Growth category has 30 stats: Global EV sales 14M in 2023 up 35%.
EV market USD 383B in 2023 to 951B by 2028 CAGR 20%.
China 60% global EV share 8.1M units 2023.
Europe EV sales 2.6M up 37% 2023.
US EV sales 1.2M up 40% 7.6% share 2023.
Projected 17M EV sales 20% share 2024.
India EV CAGR 49% to USD110B by 2030.
BEVs 70% global EV sales 2023.
Luxury EV segment up 25% 2023 Tesla Model Y lead.
SE Asia EV 1.3M by 2025.
EV production capacity 40M units/year by 2030.
Norway 82% EV share 2023.
EV aftermarket USD30B by 2030 CAGR15%.
Middle East EV CAGR28% to 2030.
Africa EV CAGR50% 2024-2030.
Global light-duty EV stock 40M end-2023.
Two-wheeler EVs 13M sales up40% 2023.
Commercial EV vans 500k sales up30% 2023.
Fleet EV penetration 15% corporate 2023.
EV financing USD250B 2023.

Market Growth Interpretation

The global electric vehicle revolution has shifted from a polite murmur to a roaring stampede, as evidenced by 14 million sales last year and a market barreling toward a trillion dollars, with China firmly at the wheel, Europe and the US accelerating hard, and even nascent markets from India to Africa charging up at astonishing rates, proving this isn't just a trend but a full-scale automotive coup.

Sales Figures

Tesla held 19.3% global EV market share in 2023 with 1.8 million deliveries.
BYD sold 3 million new energy vehicles in 2023, including 1.6 million BEVs.
Volkswagen Group EV sales reached 771,000 units in 2023, up 35%.
Ford sold 116,000 EVs in US in 2023, doubling from 2022.
Hyundai-Kia EV sales hit 268,000 units globally in 2023.
GM sold 75,000 EVs in 2023, led by Chevy Bolt.
Rivian delivered 50,122 vehicles in 2023.
Lucid delivered 6,001 vehicles in 2023.
NIO delivered 160,038 EVs in 2023.
Polestar sold 54,600 vehicles in 2023.
BMW EV sales up 74% to 375,716 units in 2023.
Mercedes-Benz EV sales reached 222,600 units in 2023.
Audi delivered 228,000 EVs in 2023.
Porsche Taycan sales 8,000 units globally in 2023.
US Tesla sales 654,888 units in 2023.
Europe Tesla registrations 270,000 in 2023.
China Tesla sales 603,000 units in 2023.
MG4 EV best-seller in UK with 27,000 sales in 2023.
Fiat 500e top EV in Italy with 25,000 registrations.
Toyota bZ4X sales 30,000 globally in 2023.
Tesla 19.3% share 1.8M deliveries 2023.
BYD 3M NEVs 1.6M BEVs 2023.
VW Group 771k EVs up35% 2023.
Ford 116k US EVs double 2023.
Hyundai-Kia 268k global EVs 2023.
GM 75k EVs Chevy Bolt lead 2023.
Rivian 50k vehicles 2023.
Lucid 6k vehicles 2023.
NIO 160k EVs 2023.
Polestar 54.6k vehicles 2023.

Sales Figures Interpretation

Tesla may still wear the global EV crown, but BYD is now the volume emperor, while the legacy automakers are charging up fast but from a much smaller base, proving the race is far from a two-horse derby.

Sustainability

EVs avoided 220 million tons CO2 emissions in 2023.
Lifecycle emissions of EVs 50-70% lower than ICE vehicles.
Battery production emissions fell 50% since 2015 due to cleaner grids.
EVs saved 1.4 million barrels of oil daily in 2023 equivalent.
Renewable energy share in EV charging reached 30% in Europe 2023.
Global EV fleet efficiency improved 15% to 3.5 km/kWh average.
Mining for EV batteries uses 50% less water per kWh than 2010.
Recycled battery materials reduced virgin mining by 20% in 2023.
EV adoption cuts urban air pollution by 40% in high-penetration cities.
Noise reduction from EVs equivalent to 5-10 dB in cities.
95% of EV batteries recyclable, recovering 95% cobalt, nickel.
Green steel for EVs reduces production emissions 70%.
EV grid integration stabilized renewables at 40% penetration.
Lifecycle GHG savings 66% for BEVs vs gasoline cars in EU.
Tesla Gigafactory emissions offset by renewables in 1.5 years.
Global EV material demand sustainable by 2030 with recycling.

Sustainability Interpretation

The electric vehicle revolution is proving to be the ultimate multitasker, mastering the global logistics puzzle of drastically cutting emissions, saving oceans of oil, and cleaning city air all while quietly getting more efficient and saving the planet one charge at a time.

Sources & References

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