EV Sales Keep Up Growth in 2022
Report shows pace of adoption building as ICE vehicles wane.

EV deliveries totaled 10.3 million last year, easily outpacing the 6.5 million in 2021.
IMAGE: Mikes-Photography
Electric vehicle sales continued to rise in 2022 and will stay on that trajectory this year, though at a slower pace, according to BloombergNEF analysis.
Worldwide EV deliveries totaled 10.3 million last year, the research provider reported, easily outpacing the 6.5 million in 2021. It projects they could reach 13.6 million this year, by far the greatest share in China. That’s up from 3.2 million in 2020.
U.S. EV sales should jump this year to 1.6 million plug-in vehicles, Bloomberg says, due to expanded production capacity and new federal tax credits.
Since “range anxiety” affects consumer adoption, the growing number of EV chargers could have an impact on demand. Charger installations more than doubled last year to nearly a million, the report said. It predicts that the worldwide network will grow this year to more than four million chargers.
Global EV sales are projected to grow 20.6 million in 2025, Bloomberg said. Rising battery costs won’t curb adoption, it said, because factors affecting prices are also pressuring gas and diesel prices, which are fueling increased demand for EVs.
Increasing EV adoption means worldwide combustion vehicle sales peaked in 2017 and are now in permanent decline, Bloomberg said.
More Dealer Ops

Dealership Profits Decline
While new and used retail sales stagnated, dealerships have been particularly supported by fixed operations and finance-and-insurance profits, according to a new report.
Read More →
Dealer Debrief: Defection Data & EV Updates
In this week's debrief, host Lauren Lawrence discusses how to use defection data to your advantage and the latest on EV sales and charging infrastructure.
Read More →
How Defection Data is Bridging the Dealership Conversion Gap
Lead volume is flat, cross-shopping is up and brand loyalty is in retreat. As confident sales teams keep losing buyers they thought they had, daily industry sales data is showing dealers exactly where their funnel is breaking and how to fix it without buying a single new lead.
Read More →
Dealer Debrief: Where are you losing customers?
In this week's debrief, host Lauren Lawrence discusses the hidden leaks in dealerships where you might be losing customers without even realizing it.
Read More →
Dealer Debrief: Improving Your Inventory Management
In this week's debrief, host Lauren Lawrence covers a new survey that shows what service technicians really want and two launches that could help improve your inventory and vehicle life cycle management.
Read More →
Ladies and Gentlemen, This Is a Dealership: Why the Fundamentals Still Decide Who Wins
A teaching moment by a legendary football coach happens to apply perfectly in the auto retail space. Learn what it is and how to use it to your store’s advantage.
Read More →
What Market Timing Mistakes Mean for Your Reinsurance Program
When volatility hits, dealer-owned reinsurance programs face a familiar temptation: pull back and wait for calmer waters. New data from BOK Financial shows why that instinct can quietly cost you years of surplus growth.
Read More →
Dealer Ads and the FTC
The agency has made it clear in recent enforcement actions and warnings, in auto retail and other industries, that advertised prices must include all nonoptional costs to the consumer.
Read More →
Used Autos Supply Dwindles
The March shopping surge, despite high prices, cut into inventory by the most since the thick of the pandemic, Cox Automotive analysts calculated.
Read More →
Managing Risk Effectively Through Changing Times
The variables influencing risk pricing have changed significantly over the past five years. Being proactive and responsive to emerging trends is not optional but essential.
Read More →