Imagine being in your gas-powered vehicle, sitting in traffic or waiting to pull away from the lights. You might not notice the damaging greenhouse gas that your car emits but the results can still be felt across the globe. Enter climate change. Nevertheless, thanks to electric cars, there’s still some hope left for the planet.
What’s more, as our electric car statistics are going to show, this new market is slowly but surely picking up speed. Apart from being environmentally-friendly, electric vehicles are surprisingly cheaper to drive than traditional, fossil-fuel cars. Hence, it isn’t surprising that this new breed of cars is becoming a common sight in the US as well as in other parts of the world.
Now, this begs the question: how many electric cars are there in the world? Well, the latest figures show that there are over 5.6 million electric vehicles worldwide — a staggering 64% increase (2.2 million EVs) in 2018 saw the total number of EVs rise from 3.4 million to 5.6 million.
So, read on if you want to find out more about market shares, sales, and the general usage of electric cars both in the US and abroad.
Electric Car Statistics and Facts (Editor’s Pick)
Electric Car Statistics Worldwide
1. The latest report by Bloomberg New Energy Finance shows that by 2040, 58% of global passenger vehicle sales will come from electric vehicles. At the same time, they will make up less than 33% of all the cars on the road.
A BloombergNEF study reveals that the global electric vehicle market size and adoption will grow in the long run. The report shows that electric vehicles (EVs) currently make up only 3% of car sales worldwide. By 2025 electric vehicles (EVs) will reach 10% of global passenger vehicle sales, growing to 28% in 2030 and 58% by 2040.
2. Batteries make up about 40% of the value of an electric car, and China currently controls two-thirds of the worldwide cell manufacturing industry.
The EV market is growing fast as customers seek greener alternatives to diesel and petrol. However, many people do not know that batteries make up roughly 40% of the cost of an electric vehicle. Currently, China is the leading battery manufacturer producing over two-thirds of the world’s batteries. But the EU hopes to contend with China by increasing its share from the present 3% to 25% by 2028.
Source: New Straits Times
3. China is the largest growth contributor to global plug-in sales
In the first half of 2019, EV sales in China increased by a whopping 66%. Europe, on the other hand, is still being held back by tight inventories with a growth rate of 35%, whereas in the US, the growth rate was around 22%.
4. Norway has the largest EV usage of all countries
58% of new car sales in Norway were electrically chargeable in the first half of 2019. Iceland takes second place with 18%, followed by Sweden with an 11% EV market share.
5. The US sold 328,118 electric cars in 2018
This translates to a 75% year-over-year increase which proves that the US is indeed driving the mass adoption of electric vehicles. Data also shows that Californians, in particular, are interested in EVs, contributing a massive 153,442 EV sales in 2018.
6. By 2024, the electric vehicle charging station market is expected to reach a CAGR of 38%
A lot of people are skeptical of the benefits of electric cars; the fact that there’s a gas station situated every few miles (which cannot be said for EV charging stations) only adds to this notion. However, as the global EV sales increase in number, this too will change. As of now, there are more than 57,000 charging outlets and 20,000 charging stations in the US alone.
7. By 2030, there will be around 4 million EVs in California alone
The growing number of charging outlets and plug-in power stations have greatly contributed to the boom of EVs. What’s more, thanks to faster charging and more efficient batteries, long-distance travel is now more viable in the US. Hence, if this electric car sales trend continues, Californians can expect to see some 4 million EVs on the road 10 years from now.
As illustrated on the map below, California is not the only state in the US that is welcoming the idea of using EVs over traditional, fossil-fuel vehicles; there’s a noticeable spike in EV usage in New York, Washington, Florida, and Texas as well.
US EV Car Sales and Market Share by State
US Electric Car Statistics
8. Tesla is the major contributing factor to the market growth of EVs in the US
In 2017, Tesla sold nearly 140,000 of its Model 3s. The following year became even more profitable for the company as they threw Model S and Model X into the mix. All in all, Tesla had over 50% market share of the total number of plug-in sales in the US in 2018.
Source: Interesting Engineering
9. Toyota Camry aced the list of top 5 best-selling EVs in the US
Surprisingly, Tesla wasn’t the number one best-selling EV in the US despite having a huge amount of sales. Our Tesla electric car statistics show that the Tesla Model 3 sat at 4th place based on December 2018 sales data. Toyota Camry snatched the top spot, followed by Honda Accord and Honda Civic.
Source: Clean Technica
10. In 2018, the US saw one million registered electric cars on the road
The US started pursuing the EV market in 2011. Although the one million-mark is fascinating, it’s clear that the country is progressing at a much slower pace compared to the leader of the pack — China.
Source: Scientific American
Electric Vehicle Sales By Year
The table below shows the global plug-in sales from 2015–2019. The “Other” category includes over 30 countries in Africa, America, Asia/Oceania, and the Middle East.
|2018 H1 (Units)
|2019 H1 (Units)
11. China took the plug-in vehicle market by storm with approximately 645,000 units sold in the first half of 2019 alone
According to China's electric car statistics, the Sleeping Giant remains unchallenged in terms of plug-in vehicle sales. The strong EV adoption in China is said to be the result of climate concerns. The country wants EVs to account for about 20% of the annual new vehicle sales by 2025 — hence why it’s adding restrictions on the sale and overall production of fossil-fuel vehicles.
12. By 2030, Japan will see an estimated 210,000 EVs on the road out of a projected total of five million cars sold
Electric car sales statistics show that EV adoption in Japan has been somewhat slow (to say the least). In 2016, there were only 22,000 units sold, revealing that Japanese people don’t really consider environmental factors when it comes to discretionary spending. Government incentives may have pushed people to buy more electric cars, yet, without them, sales would have been significantly lower.
Other concerns that hinder the Japanese to embrace electric cars include cost and inconvenience; they still prefer gasoline-powered cars in terms of practicality.
Source: (Japan Times)
Electric Car Usage Statistics
13. The Netherlands is the nation with the most charging stations. As of February 2020, it has more than 37,000 public charging stations or one station per 459 inhabitants.
With the mounting demand in the Netherlands for fully electric vehicles, the building of new EV charging stations is merely a part of this trend. Due to the nation’s plans for electric vehicle growth, the Netherlands has invested in an infrastructure that supports plug-in electric vehicles.
14. California’s air-quality standards are driving the increasing US sales of EVs
California has a set of laws and incentives for EV users within the state; the most popular thus far is the provision of rebates for the replacement of vehicle components for electric and hybrid cars. In order to achieve fewer overall emissions, nine other states have also adopted the Zero Emission Vehicle (ZEV) standards and this is also expected to contribute to the electric car sales growth in America.
Source: Consumer Reports
15. 13. 70% of US drivers are on the road for less than 60 miles every weekday
Electric cars such as the Fiat 500e, the Ford Focus Electric, and Tesla Model S have a higher range than this number. This only means that EVs can be relied on for daily commute.
16. Not all-electric vehicles you see on the road are the same
Fun fact: there are three main types of electric vehicles.
The first ones are called Battery Electric Vehicles (BEVs) which have rechargeable batteries and no gasoline engine — Tesla cars are a perfect example of this according to EV statistics.
The second type is the Plug-in Hybrid Electric Vehicle (PHEV). This EV type can recharge its batteries by “plugging in” to an external source of electrical power. A popular example of this would be the Fiat 500e.
Lastly, there’s the Hybrid Electric Vehicle (HEV) category, powered by both gasoline and electricity. Namely, Toyota Camry is a good example of this EV type, as hybrid and electric car statistics reveal.
Source: Arcadia & EVgo
17. 10% of American EV buyers are in the 25–34 age group
The younger generations are becoming increasingly aware of the environmental benefits of EVs, yet the huge price of these vehicles is still getting in the way. As electric cars become more commonplace, the cost gap between electric and conventional models will shrink considerably.
18. Nissan Leaf could be a viable option for budget cars with a starting cost of just $29,990, electric cars statistics reveal.
Note that this price could get even lower when the $7,500 federal tax credit is factored in. If you’re planning to go green, it’s best to check your state’s tax credit first to save some cash. An auto loan is also an option if the budget is too tight.
Starting Cost for Popular Electric Cars in the US
|2019 Base Price
|Nissan Leaf S
|Tesla Model 3
|Chevrolet Bolt EV
|Jaguar I-Pace S
|Audi e-tron (Premium Plus)
|Tesla Model S
|Tesla Model X
Electric Car Safety Statistics
19. Electric vehicles are less likely to roll over than conventional ones during crashes
EVs are known for having a lower center of gravity than traditional cars, making them less likely to roll over while improving the overall ride experience and decreasing the risk of death in case of a car accident. However, the silent operation of electric cars remains a concern as it could be a threat to pedestrians.
20. Electric vehicles undergo rigorous safety testing and are required to meet the same safety standards as traditional cars
Good news for electric car owners: statistics show that there are EV-specific standards in the US that have to be met. These cover chemical spillage from batteries, electric shock prevention, and securing batteries during a crash.
21. The Tesla Model X was recently involved in an EV fire incident in Pittsburgh
Back in April 2019, a Tesla Model X SUV burned down after it was towed to a repair shop in Pittsburgh; the firefighters dealt with the blaze for four hours. The exact cause of the fire remains unknown.
Source: Business Insider
Electric Cars and The Insurance Industry
Electric cars are undoubtedly a great investment if you’re looking to go green. Nevertheless, when looking at recent electric car statistics and reports, it seems that insuring an electric vehicle is more costly than getting coverage for a gas-powered one. Two possible reasons — firstly, EVs are a lot more expensive than conventional cars, hence insuring them would naturally be pricey; secondly, EVs would cost more to repair considering their sophisticated battery technology and other advanced components. Also, we covered all the essentials of self-driving car insurance.
Still, getting car insurance doesn’t necessarily mean breaking the bank either. There are ways to cut costs and you can start by comparing multiple carriers and considering discounts as well.