GITNUXREPORT 2025

Motor Industry Statistics

Global automotive industry to reach $4.7 trillion by 2026, driven by EV growth.

Jannik Linder

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

First published: April 29, 2025

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The average rank of the global automotive supply chain complexity was 7.5 out of 10 in a 2022 industry survey

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Global automotive R&D spending was over $150 billion in 2022, representing about 4% of industry revenue

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The average lifespan of a car in Europe is about 14 years

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The automotive industry employed over 50 million people worldwide in 2022

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The average monthly car payment in the US increased to around $700 in 2023, reflecting rising vehicle prices and financing costs

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The shift towards electric vehicle manufacturing could save the industry approximately $100 billion annually in fuel and maintenance costs by 2030

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The share of women working in the automotive manufacturing sector is approximately 20%, with increasing efforts toward diversity

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Battery costs for electric vehicles have fallen by approximately 89% from 2010 to 2023, making EVs more affordable

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The global automotive industry is expected to reach a market size of approximately $4.7 trillion by 2026

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There were over 1.4 billion motor vehicles on the world's roads in 2021

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In 2022, the global automotive manufacturing production was approximately 86 million units

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The average age of a car in the United States is nearly 12 years

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China is the largest automobile market, accounting for over 30% of global car sales in 2022

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The global lead-acid battery market in automotive applications is expected to reach $9.4 billion by 2027

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In 2021, the United States produced approximately 8.7 million vehicles

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The global automotive aftermarket industry is projected to generate revenue of over $430 billion by 2027

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The average cost of a new vehicle in the U.S. was approximately $48,000 in 2023

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The number of EV charging stations worldwide is expected to reach over 5 million by 2027

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The automotive industry accounts for approximately 4.6% of global CO2 emissions

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The used car market in the US is worth approximately $150 billion annually

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The number of vehicles produced in India increased by 17% year-over-year in 2022, reaching approximately 4 million units

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The global automotive paint market is valued at approximately $15 billion in 2023, projected to grow annually by 4.2%

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The global automotive cybersecurity market is projected to reach $7.3 billion by 2028, rising at a CAGR of 16.4%

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The number of registered electric vehicles in the US exceeded 2.5 million by 2023, up from just 300,000 in 2018

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The penetration of ride-sharing services is around 27% in North America, contributing significantly to vehicle miles traveled

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The global automotive tire market is expected to reach $278 billion by 2027, growing at a CAGR of 4.1%

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The number of new vehicle registrations in the EU was approximately 8 million in 2022, a decrease of 7% from the previous year

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The global production of autonomous vehicles is expected to reach over 10 million units annually by 2030

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The annual spend on automotive advertising worldwide exceeded $70 billion in 2022, indicating intense competition among automakers

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The number of cars produced in Mexico increased by 10% from 2021 to 2022, totaling around 3 million units

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In 2022, global car sales fell by approximately 7% compared to 2021, mainly due to supply chain disruptions

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The automotive parts industry is expected to reach a value of over $1.2 trillion by 2030, driven by EV and hybrid vehicle demand

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The yearly revenue from automotive insurance premiums globally surpasses $300 billion, highlighting the importance of vehicle safety and regulation

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The average number of motor vehicle accidents worldwide per year is estimated at 1.35 million

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The adoption rate of telematics in new vehicles reached over 70% in North America and Europe in 2022, enhancing vehicle connectivity and safety

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The electric vehicle (EV) market share is projected to reach 27% of global car sales by 2030

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The average fuel efficiency of new passenger cars in Europe was about 4.1 liters per 100 km in 2022

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Autonomous vehicles are expected to comprise 8% of the global vehicle fleet by 2030

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North America held the largest share of the global automotive market in 2022, with over 25% of sales

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The sales of hybrid vehicles worldwide surpassed 3 million units in 2022

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Toyota was the world’s best-selling automaker in 2022, with over 10 million vehicles sold

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The adoption rate of connected vehicles is expected to reach 66% of vehicles on the road by 2030

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Electric vehicle sales in Europe surpassed 2.3 million units in 2022, a 65% increase from the previous year

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In 2022, more than 60% of new car sales in China were electric or hybrid vehicles

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The number of hybrid and electric cars sold in India increased by 35% in 2022, reaching over 250,000 units

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Car-sharing organization Zipcar reported a fleet of over 12,000 vehicles worldwide as of 2022, supporting urban mobility

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The average age of light vehicles in Japan is around 8 years, indicating a relatively newer fleet compared to Europe or North America

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The highest selling vehicle segment in North America in 2022 was full-size pickups, accounting for approximately 21% of new vehicle sales

Statistic 49

Electric vehicle sales in Australia increased by over 80% in 2022, representing a growing market

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Key Highlights

The global automotive industry is expected to reach a market size of approximately $4.7 trillion by 2026
There were over 1.4 billion motor vehicles on the world's roads in 2021
The electric vehicle (EV) market share is projected to reach 27% of global car sales by 2030
In 2022, the global automotive manufacturing production was approximately 86 million units
The average age of a car in the United States is nearly 12 years
China is the largest automobile market, accounting for over 30% of global car sales in 2022
The global lead-acid battery market in automotive applications is expected to reach $9.4 billion by 2027
In 2021, the United States produced approximately 8.7 million vehicles
The average fuel efficiency of new passenger cars in Europe was about 4.1 liters per 100 km in 2022
Autonomous vehicles are expected to comprise 8% of the global vehicle fleet by 2030
The global automotive aftermarket industry is projected to generate revenue of over $430 billion by 2027
North America held the largest share of the global automotive market in 2022, with over 25% of sales
The average cost of a new vehicle in the U.S. was approximately $48,000 in 2023

The automotive industry is on the cusp of a revolutionary transformation, with market valuations projected to reach $4.7 trillion by 2026 and electric vehicles driving a 27% share of global sales by 2030, signaling a dynamic shift toward smarter, greener, and more connected mobility worldwide.

Automotive Industry Economics and Employment

The average rank of the global automotive supply chain complexity was 7.5 out of 10 in a 2022 industry survey
Global automotive R&D spending was over $150 billion in 2022, representing about 4% of industry revenue
The average lifespan of a car in Europe is about 14 years
The automotive industry employed over 50 million people worldwide in 2022
The average monthly car payment in the US increased to around $700 in 2023, reflecting rising vehicle prices and financing costs
The shift towards electric vehicle manufacturing could save the industry approximately $100 billion annually in fuel and maintenance costs by 2030
The share of women working in the automotive manufacturing sector is approximately 20%, with increasing efforts toward diversity

Automotive Industry Economics and Employment Interpretation

Despite a complex supply chain scoring 7.5 out of 10 and billion-dollar R&D investments fueling innovation, the industry's 14-year vehicle lifespan, rising monthly payments, and efforts to diversify the workforce highlight a sector navigating the high-stakes driver's seat of technological change and social progress.

Electric and Alternative Vehicles

Battery costs for electric vehicles have fallen by approximately 89% from 2010 to 2023, making EVs more affordable

Electric and Alternative Vehicles Interpretation

With battery costs plummeting by nearly 90% since 2010, electric vehicles are now more affordable than ever, shifting the driving landscape from costly novelty to accessible necessity.

Market Size and Production Trends

The global automotive industry is expected to reach a market size of approximately $4.7 trillion by 2026
There were over 1.4 billion motor vehicles on the world's roads in 2021
In 2022, the global automotive manufacturing production was approximately 86 million units
The average age of a car in the United States is nearly 12 years
China is the largest automobile market, accounting for over 30% of global car sales in 2022
The global lead-acid battery market in automotive applications is expected to reach $9.4 billion by 2027
In 2021, the United States produced approximately 8.7 million vehicles
The global automotive aftermarket industry is projected to generate revenue of over $430 billion by 2027
The average cost of a new vehicle in the U.S. was approximately $48,000 in 2023
The number of EV charging stations worldwide is expected to reach over 5 million by 2027
The automotive industry accounts for approximately 4.6% of global CO2 emissions
The used car market in the US is worth approximately $150 billion annually
The number of vehicles produced in India increased by 17% year-over-year in 2022, reaching approximately 4 million units
The global automotive paint market is valued at approximately $15 billion in 2023, projected to grow annually by 4.2%
The global automotive cybersecurity market is projected to reach $7.3 billion by 2028, rising at a CAGR of 16.4%
The number of registered electric vehicles in the US exceeded 2.5 million by 2023, up from just 300,000 in 2018
The penetration of ride-sharing services is around 27% in North America, contributing significantly to vehicle miles traveled
The global automotive tire market is expected to reach $278 billion by 2027, growing at a CAGR of 4.1%
The number of new vehicle registrations in the EU was approximately 8 million in 2022, a decrease of 7% from the previous year
The global production of autonomous vehicles is expected to reach over 10 million units annually by 2030
The annual spend on automotive advertising worldwide exceeded $70 billion in 2022, indicating intense competition among automakers
The number of cars produced in Mexico increased by 10% from 2021 to 2022, totaling around 3 million units
In 2022, global car sales fell by approximately 7% compared to 2021, mainly due to supply chain disruptions
The automotive parts industry is expected to reach a value of over $1.2 trillion by 2030, driven by EV and hybrid vehicle demand
The yearly revenue from automotive insurance premiums globally surpasses $300 billion, highlighting the importance of vehicle safety and regulation

Market Size and Production Trends Interpretation

As the global automotive industry hurtles toward a $4.7 trillion horizon fueled by over a billion cars (and counting), the race to innovate—from EVs and cybersecurity to autonomous driving—reveals that in a world where cars are aging and markets fluctuate, staying ahead means navigating a complex mix of growth, regulation, and relentless technological acceleration.

Technological Innovation and Safety

The average number of motor vehicle accidents worldwide per year is estimated at 1.35 million
The adoption rate of telematics in new vehicles reached over 70% in North America and Europe in 2022, enhancing vehicle connectivity and safety

Technological Innovation and Safety Interpretation

With over 1.35 million accidents annually worldwide, the rapid adoption of telematics—now over 70% in North America and Europe in 2022—suggests that while we’re driving into a safer, smarter future, there's still a long road ahead for accident reduction.

Vehicle Market Composition and Sales

The electric vehicle (EV) market share is projected to reach 27% of global car sales by 2030
The average fuel efficiency of new passenger cars in Europe was about 4.1 liters per 100 km in 2022
Autonomous vehicles are expected to comprise 8% of the global vehicle fleet by 2030
North America held the largest share of the global automotive market in 2022, with over 25% of sales
The sales of hybrid vehicles worldwide surpassed 3 million units in 2022
Toyota was the world’s best-selling automaker in 2022, with over 10 million vehicles sold
The adoption rate of connected vehicles is expected to reach 66% of vehicles on the road by 2030
Electric vehicle sales in Europe surpassed 2.3 million units in 2022, a 65% increase from the previous year
In 2022, more than 60% of new car sales in China were electric or hybrid vehicles
The number of hybrid and electric cars sold in India increased by 35% in 2022, reaching over 250,000 units
Car-sharing organization Zipcar reported a fleet of over 12,000 vehicles worldwide as of 2022, supporting urban mobility
The average age of light vehicles in Japan is around 8 years, indicating a relatively newer fleet compared to Europe or North America
The highest selling vehicle segment in North America in 2022 was full-size pickups, accounting for approximately 21% of new vehicle sales
Electric vehicle sales in Australia increased by over 80% in 2022, representing a growing market

Vehicle Market Composition and Sales Interpretation

As the global auto industry accelerates toward a sustainable future, with EVs projected to claim over a quarter of car sales by 2030 and autonomous vehicles increasingly weaving into our roads, the race is on—driven by innovation, regional shifts, and a paradigm shift from petrol to plug.