While it might seem that the world is hurtling toward a two-wheeler future—with over 60 million produced last year—the staggering $2.9 trillion global automotive industry, which built 85.2 million vehicles in 2022, tells a far more complex story of resilience, transformation, and immense economic scale.
Key Takeaways
- Global vehicle production reached 85.2 million units in 2022
- Passenger car production worldwide was 66.5 million units in 2022
- China produced 27.0 million vehicles in 2022, leading global output
- Global automotive industry revenue reached $2.9 trillion in 2022
- US auto market revenue was $800 billion in 2022
- Toyota's global revenue hit $275 billion in FY2022
- Global EV sales reached 10.2 million units in 2022, up 65% YoY
- Tesla delivered 1.31 million EVs globally in 2022
- BYD sold 1.86 million new energy vehicles in 2022
- Global automotive employment totaled 14 million direct jobs in 2022
- US auto manufacturing employed 950,000 workers in 2022
- China auto sector employed over 4 million people in 2022
- Global CO2 emissions from road transport 6 Gt in 2022
- Automotive industry responsible for 14% of global GHG emissions in 2022
- Global fleet fuel efficiency improved 2% YoY to 6.5 L/100km in 2022
Global auto production hit 85 million vehicles with surging electric car sales in 2022.
Electric Vehicles
- Global EV sales reached 10.2 million units in 2022, up 65% YoY
- Tesla delivered 1.31 million EVs globally in 2022
- BYD sold 1.86 million new energy vehicles in 2022
- Global BEV market share hit 9.5% of total car sales in 2022
- China EV sales were 6.9 million units in 2022, 60% of global total
- Europe EV sales reached 2.4 million units in 2022
- US EV sales totaled 0.8 million units in 2022
- Global PHEV sales were 2.4 million units in 2022
- Volkswagen delivered 0.68 million EVs in 2022
- Global EV battery capacity demand hit 550 GWh in 2022
- Norway EV market share reached 87.4% of new car sales in 2022
- Global fast charger installations grew to 1.2 million points in 2022
- BMW EV sales hit 215,000 units in 2022
- Mercedes EQ sales reached 238,000 units in 2022
- Global LFP battery adoption in EVs rose to 31% in 2022
- Ford sold 61,000 EVs in US in 2022
- Hyundai Ioniq 5 and EV6 combined sales over 150,000 in 2022
- Global EV two-wheeler sales hit 11.5 million in 2022
- GM EV sales reached 39,000 units in 2022
- Polestar delivered 71,000 EVs in 2022
- Rivian produced 24,000 EVs in 2022
- NIO delivered 122,000 EVs in 2022
- XPeng delivered 120,000 EVs in 2022
- Li Auto delivered 96,000 vehicles in 2022
- Global public EV chargers grew 40% to 3.1 million in 2022
Electric Vehicles Interpretation
The electric vehicle revolution is no longer just a spark in Tesla's garage but a full-blown, battery-powered wildfire, with China leading the charge, legacy automakers scrambling to plug in, and even Norway looking suspiciously like a giant EV showroom.
Employment and Workforce
- Global automotive employment totaled 14 million direct jobs in 2022
- US auto manufacturing employed 950,000 workers in 2022
- China auto sector employed over 4 million people in 2022
- Germany automotive industry had 830,000 employees in 2022
- Global supplier workforce exceeded 10 million in 2022
- Japan auto industry employed 5.5 million including suppliers in 2022
- Mexico auto sector jobs hit 900,000 in 2022
- India's automotive employment reached 19 million in FY2023
- EU auto manufacturing direct jobs were 1.3 million in 2022
- Brazil auto industry employed 1.3 million in 2022
- Automotive R&D global workforce was 1.5 million in 2022
- US auto dealer employment totaled 1.1 million in 2022
- South Korea auto jobs reached 500,000 in 2022
- Global apprenticeships in auto sector: 500,000 in 2022
- Thailand auto employment was 400,000 in 2022
- Automotive women employment globally 20% of workforce in 2022
- Spain auto industry jobs 200,000 in 2022
- UK automotive employment fell to 180,000 in 2022
- Canada auto manufacturing jobs 125,000 in 2022
- Global auto sales workforce 5 million in 2022
- France auto sector employment 250,000 in 2022
- Italy automotive jobs 500,000 including supply chain in 2022
- Turkey auto employment 150,000 in 2022
- Global average auto worker salary $40,000 in 2022
- Automotive engineers globally numbered 2 million in 2022
Employment and Workforce Interpretation
The global auto industry is a colossal human engine of 14 million direct gears, where India's vast workforce, America's manufacturing might, and every engineer and apprentice in between prove this machine runs on people, not just petrol and pixels.
Environment and Sustainability
- Global CO2 emissions from road transport 6 Gt in 2022
- Automotive industry responsible for 14% of global GHG emissions in 2022
- Global fleet fuel efficiency improved 2% YoY to 6.5 L/100km in 2022
- EV avoided 220 Mt CO2 emissions globally in 2022
- China new car fleet average CO2 118 g/km in 2022
- EU new car CO2 emissions fell to 108.4 g/km in 2022
- US light-duty vehicle CO2 emissions standard 161 g/mi in 2022
- Global recycled auto materials reached 90% by weight in 2022
- Automotive water usage totaled 15 billion m³ globally in 2022
- Japan new vehicle NOx emissions down 90% since 2005 in 2022
- Global end-of-life vehicles recycled 95% in EU in 2022
- Automotive sector Scope 1+2 emissions 1.2 Gt CO2e in 2022
- Biofuel blending in road transport 5.5% globally in 2022
- Global tire waste generated 1.5 billion units in 2022
- OEMs committed to carbon neutrality by 2050, 70% coverage in 2022
- India BS-VI compliance reduced PM emissions 80% in 2022
- Global sustainable sourcing of raw materials 25% in auto supply chains 2022
- EV production Scope 3 emissions 60% lower than ICE by 2030 target from 2022
- Automotive plastic recycling rate 50% globally in 2022
- Hydrogen fuel cell vehicles emitted zero tailpipe in 2022 deployments
- Global vehicle scrappage rate 40 million units/year in 2022
- OEM renewable energy use 30% of manufacturing in 2022
Environment and Sustainability Interpretation
While the automotive industry continues to be a heavyweight polluter, accounting for 14% of global emissions, the stats reveal a messy but determined sprint toward a cleaner future, where every percentage point gained in recycling, efficiency, and electrification is a hard-fought victory against the six gigatonnes of carbon it still pumps out each year.
Production and Sales
- Global vehicle production reached 85.2 million units in 2022
- Passenger car production worldwide was 66.5 million units in 2022
- China produced 27.0 million vehicles in 2022, leading global output
- Global light vehicle sales hit 81.6 million units in 2022
- US vehicle production totaled 10.6 million units in 2022
- Global commercial vehicle production was 24.2 million units in 2022
- Toyota produced 10.5 million vehicles globally in FY2022
- Volkswagen Group output was 8.3 million vehicles in 2022
- Global new car sales grew 7% to 66.7 million in 2017 pre-COVID peak
- India's vehicle production reached 25.9 million units in FY2023
- Europe produced 16.5 million vehicles in 2022
- Japan vehicle production was 7.8 million units in 2022
- Global sales of passenger cars fell 6.5% to 56.4 million in 2022
- Ford produced 4.4 million vehicles worldwide in 2022
- Hyundai-Kia combined output hit 7.3 million units in 2022
- Global two-wheeler production exceeded 60 million units in 2022
- Brazil vehicle production was 2.4 million units in 2022
- Germany's auto production dropped to 4.1 million vehicles in 2022
- Global pickup truck sales reached 2.9 million units in 2022
- South Korea produced 4.1 million vehicles in 2022
- Mexico vehicle production hit 3.9 million units in 2022
- Global SUV sales surged to 45% of total passenger car market in 2022
- Honda global production was 3.7 million vehicles in FY2022
- Stellantis output totaled 6.0 million vehicles in 2022
- Thailand produced 1.8 million vehicles in 2022
- Indonesia vehicle production was 1.4 million units in 2022
- Global bus production reached 0.4 million units in 2022
- Renault Group produced 2.2 million vehicles in 2022
- Turkey vehicle production hit 1.3 million units in 2022
- Global heavy truck production was 3.5 million units in 2022
Production and Sales Interpretation
The global automotive industry in 2022 was a roaring, SUV-loving behemoth where China built enough cars to circle the Earth, yet the world's total passenger car sales still coughed and sputtered, proving that supply and demand are having a serious but comically mismatched conversation.
Revenue and Financials
- Global automotive industry revenue reached $2.9 trillion in 2022
- US auto market revenue was $800 billion in 2022
- Toyota's global revenue hit $275 billion in FY2022
- Volkswagen Group revenue was €279 billion in 2022
- Global aftermarket parts revenue exceeded $450 billion in 2022
- China's auto industry revenue reached $500 billion in 2022
- Ford Motor Company's revenue was $158 billion in 2022
- Global EV market revenue hit $384 billion in 2022
- General Motors revenue totaled $156 billion in 2022
- Hyundai Motor Group revenue was $138 billion in 2022
- Stellantis revenue reached €189 billion in 2022
- Global car rental market revenue was $85 billion in 2022
- BMW Group revenue hit €155 billion in FY2022
- Mercedes-Benz Group revenue was €150 billion in 2022
- Honda revenue reached $129 billion in FY2022
- Renault Group revenue was €52 billion in 2022
- Global auto insurance premiums totaled $800 billion in 2022
- Tesla revenue surged to $81.5 billion in 2022
- Nissan revenue was $78 billion in FY2022
- Global used car market revenue hit $1.5 trillion in 2022
- Peugeot revenue (Stellantis) contributed €40 billion in 2022
- Global fleet management revenue reached $25 billion in 2022
- Suzuki revenue was $35 billion in FY2022
- Global EV battery market revenue was $45 billion in 2022
- Ferrari revenue hit €4.9 billion in 2022
- Porsche revenue was €40 billion in FY2022
- Global automotive OEM revenue forecast to reach $3.2 trillion by 2027
Revenue and Financials Interpretation
Beyond the shiny showrooms lies a colossal, trillion-dollar engine, where selling a car is just the start of a lucrative journey that powers everything from insurance premiums and rental fleets to the booming aftermarket and the electric revolution under the hood.
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