Electric vehicle (EV) sales are surging due to policy support, improvements in battery technology, more charging infrastructure and new compelling models from automakers. Electrification is also spreading to new segments of road transport, setting the stage for huge changes ahead. China still dominates the global EV market, but sales are rising quickly elsewhere too. Battery electrics are pulling ahead of plug-in hybrids and the gap is set to widen further in the years ahead. More and more charging points are being built, but each country will have its own optimal mix of home, workplace and public chargers. EVs of all types are already displacing 1.5 million barrels per day of oil usage, equivalent to about 3% of total road fuel demand.
Electric Vehicle Outlook 2022