GITNUXREPORT 2025

Ev Industry Statistics

EV industry booming; market hits $287B with 16M+ global vehicles now.

Jannik Lindner

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

Our Commitment to Accuracy

Rigorous fact-checking • Reputable sources • Regular updatesLearn more

Key Statistics

Statistic 1

The average price of a new EV decreased by 17% from 2021 to 2023

Statistic 2

The average EV range increased from 150 miles in 2015 to over 300 miles in 2023

Statistic 3

In 2023, the most popular EV model worldwide was the Tesla Model Y, with over 600,000 units sold

Statistic 4

The average annual maintenance cost for an EV is roughly 40-60% lower than for traditional internal combustion engine vehicles

Statistic 5

The average household electricity consumption for charging EVs in the US is estimated at 1,100 kWh annually, contributing approximately $150 to annual household electricity costs

Statistic 6

Public awareness campaigns and stricter emissions regulations have contributed to a 25% increase in EV adoption rates in major markets during 2022-2023

Statistic 7

The total global investment in EV infrastructure reached nearly $20 billion in 2022

Statistic 8

Europe is projected to have over 4 million EV charging points by 2025

Statistic 9

The total number of public chargers globally is expected to reach 10 million by 2025

Statistic 10

The average charging time for a fast charger (50kW) is approximately 30 minutes

Statistic 11

The total number of supercharging stations globally exceeded 450,000 in 2023

Statistic 12

The largest share of EV charging happens at home, with over 70% of charging sessions occurring there

Statistic 13

The global electric vehicle (EV) market was valued at approximately $287 billion in 2022

Statistic 14

The number of electric vehicles on worldwide roads surpassed 16 million in 2023

Statistic 15

China leads the EV market with over 6 million electric vehicles registered in 2023

Statistic 16

The U.S. registered over 1.9 million EVs by the end of 2022

Statistic 17

The global EV charging station market size was valued at $4.8 billion in 2022 and is expected to grow at a CAGR of 33% from 2023 to 2030

Statistic 18

In 2023, Tesla held approximately 60% of the US EV market share

Statistic 19

As of 2023, over 350 different EV models are available globally

Statistic 20

In 2023, fleet sales accounted for about 50% of all EV sales globally

Statistic 21

The global EV market share in new car sales reached 14% in 2023, up from 4% in 2020

Statistic 22

The lifespan of an EV battery can be extended through second-life applications such as energy storage, significantly reducing costs

Statistic 23

The global EV fleet is expected to account for nearly 50% of all new car sales by 2030

Statistic 24

Over 80% of EVs sold globally are fully electric (BEVs), with the remainder being plug-in hybrids

Statistic 25

The EV industry is expected to create approximately 13 million new jobs globally by 2030

Statistic 26

The global market for EV powertrains is projected to reach $42 billion by 2027, growing at a CAGR of 20%

Statistic 27

By 2025, over 132 million EVs are expected to be in use worldwide

Statistic 28

The global market for EV drivetrains is expected to reach $18 billion by 2026, growing at a CAGR of 12%

Statistic 29

The global market for EV accessories, including home chargers, display systems, and add-ons, is projected to reach $9 billion by 2025

Statistic 30

Incentives and subsidies have boosted EV sales by up to 40% in countries like Norway and Germany

Statistic 31

The adoption of EVs contributed to a 4% reduction in global greenhouse gas emissions from the transportation sector in 2022

Statistic 32

The use of renewable energy in EV charging can reduce vehicle emissions by up to 70%, depending on the energy mix

Statistic 33

The battery cost for EVs declined by about 89% between 2010 and 2023

Statistic 34

The average lifespan of an EV battery is approximately 10-15 years, with most batteries retaining over 70% capacity after 8 years

Statistic 35

The cost of lithium-ion batteries has decreased from about $1,100 per kWh in 2010 to below $130 per kWh in 2023

Statistic 36

The average cost of an EV battery pack has declined from around $1,000 in 2010 to less than $135 in 2023

Statistic 37

The development of solid-state batteries is a promising advancement, with potential to increase range and reduce charging time significantly

Statistic 38

The average weight of an EV battery pack is around 500 kg, which adds to the overall vehicle weight, influencing energy consumption

Statistic 39

The use of artificial intelligence in EV manufacturing is increasing efficiency in battery design, quality control, and supply chain management, with a projected compound annual growth rate of 20% until 2028

Slide 1 of 39
Share:FacebookLinkedIn
Sources

Our Reports have been cited by:

Trust Badges - Publications that have cited our reports

Key Highlights

  • The global electric vehicle (EV) market was valued at approximately $287 billion in 2022
  • The number of electric vehicles on worldwide roads surpassed 16 million in 2023
  • China leads the EV market with over 6 million electric vehicles registered in 2023
  • The U.S. registered over 1.9 million EVs by the end of 2022
  • The global EV charging station market size was valued at $4.8 billion in 2022 and is expected to grow at a CAGR of 33% from 2023 to 2030
  • In 2023, Tesla held approximately 60% of the US EV market share
  • The average price of a new EV decreased by 17% from 2021 to 2023
  • As of 2023, over 350 different EV models are available globally
  • The battery cost for EVs declined by about 89% between 2010 and 2023
  • The average EV range increased from 150 miles in 2015 to over 300 miles in 2023
  • The total global investment in EV infrastructure reached nearly $20 billion in 2022
  • Europe is projected to have over 4 million EV charging points by 2025
  • The total number of public chargers globally is expected to reach 10 million by 2025

The electric vehicle industry is racing toward a transformative future, with a market worth nearly $287 billion in 2022, over 16 million EVs on roads worldwide, and rapid advancements in battery technology, charging infrastructure, and global adoption fueling a shift that could see EVs constitute nearly half of all new car sales by 2030.

EV Adoption and Consumer Trends

  • The average price of a new EV decreased by 17% from 2021 to 2023
  • The average EV range increased from 150 miles in 2015 to over 300 miles in 2023
  • In 2023, the most popular EV model worldwide was the Tesla Model Y, with over 600,000 units sold
  • The average annual maintenance cost for an EV is roughly 40-60% lower than for traditional internal combustion engine vehicles
  • The average household electricity consumption for charging EVs in the US is estimated at 1,100 kWh annually, contributing approximately $150 to annual household electricity costs
  • Public awareness campaigns and stricter emissions regulations have contributed to a 25% increase in EV adoption rates in major markets during 2022-2023

EV Adoption and Consumer Trends Interpretation

The EV industry is shifting gears—slashing prices, doubling range, and boosting sales—driving an electric revolution that's not just cleaner but significantly more affordable and accessible, with Tesla's Model Y leading the charge.

Market Infrastructure and Charging Stations

  • The total global investment in EV infrastructure reached nearly $20 billion in 2022
  • Europe is projected to have over 4 million EV charging points by 2025
  • The total number of public chargers globally is expected to reach 10 million by 2025
  • The average charging time for a fast charger (50kW) is approximately 30 minutes
  • The total number of supercharging stations globally exceeded 450,000 in 2023
  • The largest share of EV charging happens at home, with over 70% of charging sessions occurring there

Market Infrastructure and Charging Stations Interpretation

With global EV infrastructure investments soaring toward $20 billion in 2022 and over 10 million chargers projected by 2025, it’s clear that EVs are charging ahead—mostly at home, where over 70% of sessions occur—making the need for speedy, accessible public charging stations all the more urgent as we shift toward a cleaner, more electrified future.

Market Size and Market Penetration

  • The global electric vehicle (EV) market was valued at approximately $287 billion in 2022
  • The number of electric vehicles on worldwide roads surpassed 16 million in 2023
  • China leads the EV market with over 6 million electric vehicles registered in 2023
  • The U.S. registered over 1.9 million EVs by the end of 2022
  • The global EV charging station market size was valued at $4.8 billion in 2022 and is expected to grow at a CAGR of 33% from 2023 to 2030
  • In 2023, Tesla held approximately 60% of the US EV market share
  • As of 2023, over 350 different EV models are available globally
  • In 2023, fleet sales accounted for about 50% of all EV sales globally
  • The global EV market share in new car sales reached 14% in 2023, up from 4% in 2020
  • The lifespan of an EV battery can be extended through second-life applications such as energy storage, significantly reducing costs
  • The global EV fleet is expected to account for nearly 50% of all new car sales by 2030
  • Over 80% of EVs sold globally are fully electric (BEVs), with the remainder being plug-in hybrids
  • The EV industry is expected to create approximately 13 million new jobs globally by 2030
  • The global market for EV powertrains is projected to reach $42 billion by 2027, growing at a CAGR of 20%
  • By 2025, over 132 million EVs are expected to be in use worldwide
  • The global market for EV drivetrains is expected to reach $18 billion by 2026, growing at a CAGR of 12%
  • The global market for EV accessories, including home chargers, display systems, and add-ons, is projected to reach $9 billion by 2025

Market Size and Market Penetration Interpretation

With over 16 million EVs on the road and a market now valued at nearly a quarter-trillion dollars, the electric revolution isn't just accelerating—it's electrifying global economies, with China leading the charge and Tesla steering the US fleet, all while envisioned growth and job creation hint that by 2030, nearly half of all new cars will be electric and fully charged for the future.

Regulatory Influence, Incentives, and Environmental Impact

  • Incentives and subsidies have boosted EV sales by up to 40% in countries like Norway and Germany
  • The adoption of EVs contributed to a 4% reduction in global greenhouse gas emissions from the transportation sector in 2022
  • The use of renewable energy in EV charging can reduce vehicle emissions by up to 70%, depending on the energy mix

Regulatory Influence, Incentives, and Environmental Impact Interpretation

While incentives and renewable energy integration are accelerating EV adoption and cutting transportation emissions, the pressing challenge remains: turning these promising statistics into sustained global change before the planet's clock runs out.

Technology and Battery Developments

  • The battery cost for EVs declined by about 89% between 2010 and 2023
  • The average lifespan of an EV battery is approximately 10-15 years, with most batteries retaining over 70% capacity after 8 years
  • The cost of lithium-ion batteries has decreased from about $1,100 per kWh in 2010 to below $130 per kWh in 2023
  • The average cost of an EV battery pack has declined from around $1,000 in 2010 to less than $135 in 2023
  • The development of solid-state batteries is a promising advancement, with potential to increase range and reduce charging time significantly
  • The average weight of an EV battery pack is around 500 kg, which adds to the overall vehicle weight, influencing energy consumption
  • The use of artificial intelligence in EV manufacturing is increasing efficiency in battery design, quality control, and supply chain management, with a projected compound annual growth rate of 20% until 2028

Technology and Battery Developments Interpretation

From an 89% plunge in battery costs and a decade-long lifespan to breakthroughs like solid-state tech and AI-driven manufacturing, the EV battery industry is not just powering cars but revolutionizing how we think about sustainable mobility and technological innovation—though the hefty 500 kg packs still remind us that weighty progress requires a hefty dose of engineering finesse.