bloombergNEF
BloombergNEF is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy.

New York — BloombergNEF has published an updated ‘dashboard’ tracking the latest progress on zero-emission vehicles adoption, covering key statistics such as vehicle sales, charging infrastructure deployment and oil demand impacts.

The dashboard has been produced for the Zero-Emission Vehicles Transition Council (ZEVTC), in consultation with the UK Department for Business, Energy and Industrial Strategy (BEIS) and the US Environmental Protection Agency (EPA).

This edition includes data up to and including the first half of 2022.

Key findings include:

Global passenger electric vehicle (EV) sales grew by 63% (year-on-year) in the first half of 2022, to nearly 4.3 million units. China and Europe have led the global passenger EV market since 2015, accounting for 84% of global EV sales in the first half of 2022. Sales growth in Europe has slowed to 12% year-on-year, while China now plays a much more prominent role, growing at 115% year-on-year.

ZEV Transition Council member countries combined were responsible for 42% of global passenger EV sales in 1H 2022.

EVs accounted for 13% of global passenger vehicle sales in 1H 2022, or 9% when excluding plug-in hybrids (PHEVs). This is the same as in the last quarter of 2021 but higher than the full-year average for 2021.

The adoption of electric vehicles and fuel cell vehicles are expected to avoid almost 1.7 million barrels of oil per day in 2022, up from 1.5 million barrels per day in 2021. This is about 3.8% of total demand.

The US, Netherlands and France have the largest public EV charging connectors networks within the ZEVTC, exceeding 122,000, 98,000 and 82,00, respectively.

When normalizing the overall vehicle fleet size, the Netherlands, Norway and Sweden are the top three countries for charging deployment.

India grew its network fastest in the first half of 2022.

Derick Lila
Derick is a Clark University graduate—and Fulbright alumni with a Master's Degree in Environmental Science, and Policy. He has 8+ years of solar industry research, marketing, and content strategy experience.

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