Global EV sales jump 66% in 2022, lifting market share to 9.5%

Global electric vehicle sales climbed 66.6 percent in 2022 from a year earlier to 7.26 million units, data from a research firm showed Saturday, reflecting a rapid shift in the industry to zero-emission vehicles to meet stricter emission regulations.

The number accounts for 9.5 percent of overall auto sales of 76.21 million vehicles last year, expanding from 5.5 percent in 2021, according to Tokyo-based MarkLines Co.

European and Chinese automakers are boosting EV sales, while Japanese carmakers strive to catch up with global rivals.

Honda Motor Co., for example, has teamed with Sony Group Corp. to set up a 50-50 venture to make new electric vehicles. Toyota Motor Corp. plans to expand its all-electric vehicle lineup and boost its EV sales to 1.5 million vehicles annually by 2026.

Excluding EVs, global sales fell 7.4 percent to 68.95 million vehicles.

By market, China posted an about 80 percent surge in EV sales to 4.53 million vehicles while Western Europe including Germany and Britain saw EV sales soar by about 30 percent to about 1.53 million vehicles.

Approximately 800,000 EVs were sold in the United States last year and 50,000 in Japan.

Among EV makers, the leading manufacturer, Tesla Inc., boosted sales to around 1.27 million vehicles in 2022 from about 880,000 the year before. Chinese EV giant BYD Co. sold approximately 870,000 vehicles last year, compared with 320,000 the previous year.

The alliance of Nissan Motor Co., French partner Renault SA and Mitsubishi Motors Corp. ranked seventh with sales of about 280,000 EVs.

Toyota, the world’s largest auto seller, sold 24,000 EVs in 2022, according to the company.

==Kyodo.