April 15, 2023

Market share is defined as the share of new EV registrations as a percentage of total new vehicle registrations in 2022.

The world average EV market share in 2022 was 14%, up from 9% in 2021. The largest market share was in Norway at 88% followed by Iceland, Sweden, and Denmark. Although the US Market share was just 6% in 2022, it has doubled from the 3% in 2021. This compares to California’s market share of 24%.

In general, the results demonstrate the extraordinary performance of some governments in their activities to support manufacturers of EVs and batteries, as well as the installation of charging stations.