AutoInsurance.com is supported by commissions from providers listed on our site. Read our Editorial Guidelines.
Find Your Perfect Policy: 866-843-5386
Last updated: December 19, 2024
2024 Electric Vehicle Statistics
Electric vehicles continue to grow in popularity.
Table of Contents
Share
Share
Electric vehicles (EVs) have become increasingly popular, not only in the United States but also around the world. California has the highest number of registered EVs, and BYD is currently the largest EV manufacturer in the world, surpassing Tesla. But with any innovation comes new problems. A lack of charging stations still poses challenges for long-distance travel with EVs in the U.S. In this article, we’ll share the most recent EV industry statistics you need to know.
Key Findings
- Between 2011 and 2023, EV ownership worldwide has increased by an average of 53 percent year-over-year.
- BYD was the most popular manufacturer of EVs in 2023, and Tesla Model Y was the most popular EV model.
- An increase in EV popularity has led to a decreased demand for oil and an increased demand for batteries.
- China’s EV infrastructure is some of the most advanced, and its number of charging stations accounts for about two-thirds of the world’s total.
- In the U.S., California has the highest number of EVs as well as charging stations and outlets. However, it has one of the lowest ratios of charging outlets to EVs.
New to the world of EVs? Check out our handy guide to the most common abbreviations.
| Category | What they produce | Includes |
|---|---|---|
| Zero-Emission Vehicles (ZEVs) | No tailpipe emissions of pollutants/greenhouse gasses | Some PHEVs, BEVs, and FCEVs |
| Electric Vehicles (EVs) | Depends on type | PHEVs, BEVs |
| Battery-Electric Vehicles (BEVs) | No tailpipe emissions of pollutants/greenhouse gasses | n/a |
| Plug-In Hybrid Electric Vehicles (PHEVs or HEVs) | Depends on what fuel it’s using | n/a |
| Fuel Cell Electric Vehicles (FCEVs) | Water vapor | n/a |
| Internal Combustion Engine Vehicles (ICEs) | Tailpipe emissions | n/a |
Electric Car Sales
Number of Electric Vehicles Sold in Car Markets Worldwide
In 2023, there were a total of 14 million EV registrations, up 35 percent from 2022.1 Since 2013, more than 40.7 million EVs have been sold, an increase of nearly 7,000 percent.2 On average, EV sales increase worldwide by 110 percent per year, with the largest increase occurring between 2010 and 2011, when 531 percent more EVs were sold in the latter year.
DID YOU KNOW?
In 2011, EV sales surged largely due to the launch of popular new models like the Nissan Leaf and Chevrolet Volt, which made EVs more accessible and practical for everyday drivers. Additionally, government incentives and a growing interest in environmentally friendly transportation boosted consumer demand, marking a turning point for the EV market.
Number of EVs Sold Worldwide by Year
Since 2011, EVs have grown significantly in popularity in the U.S. and the rest of the world. Between 2011 and 2023, there was a 28,063 percent increase in the number of EVs and plug-in hybrids sold worldwide. In the same time frame, the number of EVs in China alone increased by 158,103 percent. India did not start selling EVs until 2019 but, since then, the number of EVs sold has increased by 11,875 percent.
| Year | Worldwide | China | European Union (27 countries) | India | U.S. |
|---|---|---|---|---|---|
| 2011 | 49,000 | 5,120 | 7,460 | 0 | 17,763 |
| 2012 | 120,000 | 9,860 | 19,500 | 0 | 53,171 |
| 2013 | 201,000 | 15,730 | 45,000 | 0 | 97,102 |
| 2014 | 330,000 | 73,000 | 57,000 | 0 | 118,882 |
| 2015 | 550,000 | 211,000 | 119,000 | 0 | 114,072 |
| 2016 | 760,000 | 339,000 | 119,000 | 0 | 159,616 |
| 2017 | 1,180,000 | 580,000 | 174,000 | 0 | 195,675 |
| 2018 | 2,060,000 | 1,090,000 | 250,000 | 0 | 330,945 |
| 2019 | 2,080,000 | 1,060,000 | 390,000 | 687 | 319,613 |
| 2020 | 2,980,000 | 1,140,000 | 1,050,000 | 3,143 | 307,589 |
| 2021 | 6,600,000 | 3,250,000 | 1,770,000 | 12,050 | 635,591 |
| 2022 | 10,200,000 | 5,900,000 | 2,100,000 | 48,023 | 931,393 |
| 2023 | 13,800,000 | 8,100,000 | 2,450,000 | 82,270 | 1,456,484 |
The U.S. Electric Car Market by Year
From 2011 to 2023, total EV sales in the U.S. increased from 17,763 to 1,456,484, with an average year-over-year increase of 53 percent.3
During this time frame, EV sales decreased year to year only twice; between 2014 and 2015, and between 2019 and 2020. Even so, on both occasions, this was a small decrease of 4 percent.
| Year | Number of EVs sold in the U.S. | Percent change |
|---|---|---|
| 2011 | 17,763 | N/A |
| 2012 | 53,171 | 199% |
| 2013 | 97,102 | 82% |
| 2014 | 118,882 | 22% |
| 2015 | 114,072 | -4% |
| 2016 | 159,616 | 40% |
| 2017 | 195,675 | 23% |
| 2018 | 330,945 | 69% |
| 2019 | 319,613 | 3% |
| 2020 | 307,589 | -4% |
| 2021 | 635,591 | 106% |
| 2022 | 931,393 | 46% |
| 2023 | 1,456,484 | 56% |
States With the Most EVs Registered
California has the highest number of EVs registered, making up 35 percent of all registered EV vehicles in the U.S. California’s population is a factor in the Golden State’s outsize representation of EVs, but, as of 2020, California only held 13 percent of all private and commercial vehicle registrations in the country, meaning it still has a disproportionately high share of EV registrations compared to its total vehicle market share in the U.S.
Meanwhile, Florida has a proportional representation of EVs per registered vehicle, accounting for 7 percent of both EVs registered and the total number of vehicles registered, according to Federal Highway Administration data.4
| State | EV registrations as of September 2024 | Percentage of U.S. total |
|---|---|---|
| California | 1,256,646 | 35% |
| Florida | 254,878 | 7% |
| Texas | 230,125 | 6% |
| Washington | 152,101 | 4% |
| New Jersey | 134,753 | 4% |
| New York | 131,250 | 4% |
| Illinois | 99,573 | 3% |
| Georgia | 92,368 | 3% |
| Colorado | 90,083 | 3% |
| Arizona | 89,798 | 3% |
| Virginia | 84,936 | 2% |
| Massachusetts | 73,768 | 2% |
| Maryland | 72,139 | 2% |
| North Carolina | 70,164 | 2% |
| Pennsylvania | 70,154 | 2% |
| Oregon | 64,361 | 2% |
| Ohio | 50,393 | 1% |
| Michigan | 50,284 | 1% |
| Nevada | 47,361 | 1% |
| Utah | 39,998 | 1% |
| Minnesota | 37,050 | 1% |
| Tennessee | 33,221 | Less than 1% |
| Connecticut | 31,557 | Less than 1% |
| Missouri | 26,861 | Less than 1% |
| Indiana | 26,101 | Less than 1% |
| Hawaii | 25,565 | Less than 1% |
| Wisconsin | 24,943 | Less than 1% |
| Oklahoma | 22,843 | Less than 1% |
| South Carolina | 20,873 | Less than 1% |
| Alabama | 13,047 | Less than 1% |
| Kentucky | 11,617 | Less than 1% |
| Kansas | 11,271 | Less than 1% |
| New Mexico | 10,276 | Less than 1% |
| New Hampshire | 9,861 | Less than 1% |
| Iowa | 9,031 | Less than 1% |
| Idaho | 8,501 | Less than 1% |
| Delaware | 8,435 | Less than 1% |
| Louisiana | 8,150 | Less than 1% |
| Washington, D.C. | 8,066 | Less than 1% |
| Vermont | 7,816 | Less than 1% |
| Maine | 7,377 | Less than 1% |
| Arkansas | 7,108 | Less than 1% |
| Nebraska | 6,920 | Less than 1% |
| Rhode Island | 6,396 | Less than 1% |
| Montana | 4,608 | Less than 1% |
| Mississippi | 3,590 | Less than 1% |
| West Virginia | 2,758 | Less than 1% |
| Alaska | 2,697 | Less than 1% |
| South Dakota | 1,675 | Less than 1% |
| Wyoming | 1,139 | Less than 1% |
| North Dakota | 959 | Less than 1% |
Part of the reason EVs are so popular in California is CARB ZEV, the Zero-Emission Vehicle Program from the California Air Resources Board’s Advance Clean Car package. First adapted in 1990, the program aims to improve air quality and diminish the emissions of greenhouse gasses by reducing the amount of smog-causing pollutants from passenger vehicles. Other states with high EV registration rates have since adopted this program too, such as New York and Massachusetts.5
Leading Electric Car Manufacturers
Tesla is no longer the most popular EV manufacturer in the world. In 2021, it sold nearly 1 million EVs, compared to less than 600,000 sold by the second-largest EV manufacturer, BYD. However, by the end of 2023, BYD surpassed Tesla, accounting for 28 percent of the market share compared to Tesla’s 18 percent.6
| Brand | Number of EVs sold in 2023 | Percentage of the 2023 market share |
|---|---|---|
| BYD | 2,876,748 | 28% |
| Tesla | 1,808,652 | 18% |
| BMW | 500,050 | 5% |
| Gac Aion | 483,941 | 5% |
| Volkswagen | 482,042 | 5% |
| SGMW | 475,758 | 5% |
| Li Auto | 376,038 | 4% |
| Mercedes Benz | 373,303 | 4% |
| Changan | 350,847 | 3% |
| Geely | 331,623 | 3% |
| SAIC | 277,371 | 3% |
| Volvo | 265,695 | 3% |
| Audi | 254,182 | 3% |
| Kia | 246,009 | 2% |
| Hyundai | 242,664 | 2% |
| Nio | 162,767 | 2% |
| Ford | 160,567 | 2% |
| Jeep | 159,695 | 2% |
| Toyota | 155,105 | 2% |
| Leapmotor | 146,199 | 1% |
The Most Popular Electric Car Models
The most-purchased all-EV worldwide in 2023 was a Tesla Model Y, which accounted for about 24 percent of the EV market. Although Tesla accounts for two of the top three best-selling EV models in 2023, BYD was the best-selling brand overall in 2023, with its large range of hybrid and plug-in models. Half of the best-selling EV models in 2023 were created by BYD.7
| Vehicle | Type | Number of sales in 2023 | Percentage of total EV sales in 2023 |
|---|---|---|---|
| Tesla Model Y | EV | 1,211,000 | 24% |
| BYD Song Plus | PHEV | 636,530 | 13% |
| Tesla Model 3 | EV | 529,290 | 11% |
| BYD Qin Plus | EV | 456,310 | 9% |
| BYD Yuan Plus | EV | 418,990 | 8% |
| BYD Dolphin | BEV | 354,590 | 7% |
| BYD Seagull | BEV | 254,180 | 5% |
| Wuling Huang Gong Mini EV | EV | 237,920 | 5% |
| GAC Aion Y | BEV | 235,860 | 5% |
| BYD Han | PHEV | 228,010 | 5% |
| GAC Aion S | EV | 220,920 | 4% |
| Volkswagen ID.4 | EV | 192,690 | 4% |
The Future of Electric Cars
The past four years have seen a push toward EVs and EV infrastructure, with the Biden administration’s plan to have 50 percent of vehicles sold be electric by 2030, invest in more charging infrastructure and create more stringent targets for fleet emissions. McKinsey predicts that worldwide demand for EVs will be six times as large in 2030 as it is in 2023, with annual unit sales increasing from 6.5 million to 40 million.8
In terms of the number of sales worldwide, there are two different predictions for the future.
- STEPS: The Stated Policies scenario is more conservative, assuming that the government will not reach all of its goals. It takes into account both existing policies and those under development and considers the direction of energy systems without direction from policymakers. STEPS is not designed to achieve a particular outcome, unlike APS below. However, STEPS still forecasts one in four vehicles on the road will be electric by 2035.
- APS: The Announced Pleades Scenario, in contrast, assumes that the U.S.’s energy targets will be met in full by 2030, leading to higher sales of EVs.9
The EV market continues to grow, making up 16.7 percent of the light vehicle market share in 2023, up from 13.6 in 2022. EVs are anticipated to make up 19 percent of the market by the end of 2024.10
Demand for Oil
One result of increased EV adoption is oil displacement — decreased demand for oil. While one might assume that decreased demand would cause the price of oil to drop as the invisible hand of the market adjusts, Bloomberg predicts that prices will stay elevated and volatile with decreasing investments in a new supply of oil.
From 2010 to 2023, EVs displaced 106.8 billion liters of gasoline-equivalent worldwide, and over 29.8 billion liters of gasoline-equivalent in the U.S. alone. Worldwide, the largest increase in oil displacement between years occurred between 2010, and 2011, which correlates with the largest increase in EV sales worldwide.
| Oil displacement per year in millions of lge (liters of gasoline-equivalent) | China | Europe | India | U.S | Rest of the World |
|---|---|---|---|---|---|
| 2010 | 2 | 6 | 1 | 10 | 4 |
| 2011 | 7 | 18 | 3 | 37 | 17 |
| 2012 | 16 | 40 | 3 | 89 | 33 |
| 2013 | 33 | 80 | 3 | 260 | 51 |
| 2014 | 81 | 160 | 4 | 490 | 71 |
| 2015 | 240 | 280 | 4 | 640 | 100 |
| 2016 | 490 | 410 | 5 | 830 | 140 |
| 2017 | 920 | 590 | 6 | 1,100 | 200 |
| 2018 | 1,800 | 830 | 7 | 1,700 | 340 |
| 2019 | 2,600 | 1,300 | 7 | 2,200 | 520 |
| 2020 | 3,000 | 1,900 | 9 | 2,500 | 610 |
| 2021 | 5,800 | 3,600 | 20 | 4,000 | 980 |
| 2022 | 9,600 | 6,000 | 72 | 6,200 | 1,700 |
| 2023 | 19,000 | 10,000 | 150 | 9,700 | 3,200 |
Increased Demand for Batteries
Another result of the growing EV market is an increased demand for EV batteries. In the U.S., between 2016 and 2023 demand for battery power grew from 6 gigawatt hours per year to 99 gigawatt hours, correlating with the increase in EV sales.11 China’s demand for batteries is the largest worldwide. By 2023, its demand accounted for half the global market demand for EV batteries.
According to Statista, by 2030, worldwide demand for batteries is projected to range between 370 gigawatt hours and one terawatt hour (1,000 gigawatt hours), depending on the implementation of emissions reduction policies.12 Even the lower limit is almost four times higher than the U.S. demand for EV batteries in 2023. Fortunately, Statista also projects that supply is capable of keeping up with demand.
| Global EV battery demand in gigawatt hours per year | China | Europe | U.S. | Rest of the world |
|---|---|---|---|---|
| 2016 | 38 | 5 | 6 | 3 |
| 2017 | 56 | 8 | 8 | 3 |
| 2018 | 70 | 12 | 19 | 7 |
| 2019 | 75 | 25 | 19 | 9 |
| 2020 | 80 | 54 | 19 | 12 |
| 2021 | 179 | 93 | 38 | 21 |
| 2022 | 314 | 129 | 70 | 41 |
| 2023 | 417 | 185 | 99 | 71 |
Publicly Available Charging Stations
One factor that limits EV sales is a lack of publicly available charging stations. Some people are concerned about taking EVs on road trips as there may not be enough charging stations on their route to support longer rides. However, the number of charging stations is increasing. As of August 2024, the U.S. government has allocated $521 million to continue developing fuel-alternative infrastructure throughout 29 states, including the installation of 9,200 EV charging stations.13
By Country
As of 2023, China had the highest number of charging stations — 2.7 million, or two-thirds of the world’s total. Korea was second with 201,000 stations, and the U.S. came third with 183,000, about 7 percent of China’s supply.
That said, these numbers don’t account for the number of EVs or licensed drivers in the population, so they don’t reflect how many charging stations may be necessary. For example, in 2023 China had one charging station for every three EVs sold in the same year. Comparatively, the U.S. had seven charging stations for every EV sold.
| Country | Number of charging stations in 2023 |
|---|---|
| China | 2,700,000 |
| Korea | 201,000 |
| USA | 183,000 |
| Netherlands | 145,800 |
| France | 118,000 |
| India | 109,000 |
| Germany | 108,000 |
| United Kingdom | 53,000 |
| Italy | 48,100 |
| Belgium | 44,000 |
| Sweden | 34,500 |
| Japan | 31,600 |
| Norway | 27,000 |
| Canada | 26,800 |
| Spain | 25,600 |
| Austria | 17,500 |
| Denmark | 17,000 |
| Switzerland | 15,800 |
| Finland | 12,100 |
| Portugal | 9,400 |
| Turkey | 7,800 |
| Poland | 5,900 |
| Greece | 5,130 |
| Israel | 4,910 |
| Brazil | 3,805 |
| Australia | 2,790 |
By State
The table below shows the 10 leading states for the most charging stations and outlets as of April 2024. It also shows the total number of EVs in a given state as well as the number of charging points per EV.
| State | Total number of charging stations | Total number of charging outlets | Total number of EVs | Number of EVs for every charging outlet |
|---|---|---|---|---|
| California | 15,849 | 44,605 | 1,256,646 | 28 |
| New York | 3,787 | 10,725 | 131,250 | 12 |
| Florida | 3,259 | 9,375 | 254,878 | 27 |
| Texas | 3,164 | 8,917 | 230,125 | 26 |
| Massachusetts | 2,949 | 7,114 | 73,768 | 10 |
| Washington | 2,165 | 5,669 | 152,101 | 27 |
| Colorado | 2,135 | 5,171 | 90,083 | 17 |
| Georgia | 1,944 | 5,192 | 92,368 | 17 |
| Pennsylvania | 1,684 | 4,302 | 70,154 | 16 |
| Maryland | 1,619 | 4,650 | 72,139 | 15 |
Along with the highest number of EV registrations, California has the highest number of charging stations and outlets, according to data from Statista.14 There are currently over 15,000 charging stations and 44,000 charging outlets across the state.
However, when you take into account the ratio of charging outlets to EVs, California comes in last, with 28 EVs per charging outlet. Florida and Washington also have a high number of EVs to outlet ratio, with 27 EVs per outlet. Massachusetts has the best ratio, with only 10 EVs per charging outlet. The data indicate that in California, Florida, and Washington, EV infrastructure has not yet caught up with demand.
Car Insurance and Electric Vehicles
If you’ve ever shopped for electric vehicle insurance, you may have noticed higher costs than you’d find when insuring non-EVs. Electric cars are more expensive to insure due to their specialized features and replacement parts, such as electric batteries. As a result, you may need to take them to specialized repair shops. You can expect to pay about 15 percent more for electric vehicle insurance, with an average annual cost of $2,426 compared to $2,071 across all vehicle types, according to AutoInsurance.com data. Learn more about insuring your EV.
Conclusion
One thing the world can agree on is the rising popularity of electric vehicles. No matter the country, sales are increasing year over year, and governments are investing more in charging infrastructure, which will increase adoption even more. Hopefully, this adoption will reduce the emissions of greenhouse gasses and pollutants, making the air more breathable for us all. Explore more auto insurance research like this for further insights.
Methodology
For data on the cost of auto insurance, we depend on our own proprietary data gained from over 20 years of experience in the auto insurance market. Additionally, our research term analyzed data from third-party sources, including the following:
- Bloomberg
- California Air Resources Board
- CleanTechnica
- EV Adoption
- Federal Highway Administration
- International Energy Agency
- McKinsey
- Statista
- U.S. Department of Energy
- U.S. Department of Transportation
Senior Writer & Editor
A seasoned journalist and content strategist with over 10 years of editorial experience in digital media, Aliza Vigderman has written and edited hundreds of articles on the site, covering everything from plan coverages to discounts to state laws. Previously, she was a senior editor and industry analyst at the home and digital security website Security.org, previously called Security Baron. She has also contributed to The Huffington Post, SquareFoot, and Degreed. Aliza studied journalism at Brandeis University.
Citations
Trends in electric cars. International Energy Agency. (2024).
https://www.iea.org/reports/global-ev-outlook-2024/trends-in-electric-carsTracking global data on electric vehicles. Our World In Data. (2024).
https://ourworldindata.org/electric-car-salesEstimated plug-in electric light vehicle sales in the United States from 2016 to 2023. Statista. (2024).
https://www.statista.com/statistics/665823/sales-of-plug-in-light-vehicles-in-the-us/State Motor-Vehicle Registrations – 2020. U.S. Department of Transportation Federal Highway Administration. (2022, Jun).
https://www.fhwa.dot.gov/policyinformation/statistics/2020/mv1.cfmZero-Emission Vehicle Program. California Air Resources Board. (2023).
https://ww2.arb.ca.gov/our-work/programs/zero-emission-vehicle-program/aboutWhat was the most popular EV worldwide in 2023?. EV Volumes. (2024).
https://ev-volumes.com/news/ev/what-was-the-most-popular-ev-worldwide-in-2023/Best-selling plug-in electric vehicle models worldwide in 2023. Statista. (2024).
https://www.statista.com/statistics/960121/sales-of-all-electric-vehicles-worldwide-by-model/Spotlight on mobility trends. McKinsey & Company. (2024).
https://www.mckinsey.com/industries/automotive-and-assembly/our-insights/spotlight-on-mobility-trendsGlobal EV Data Explorer. International Energy Agency. (2022, May 23).
https://www.iea.org/data-and-statistics/data-tools/global-ev-data-explorerGlobal EV growth forecast in 2024, but challenges remain. EV Volumes. (2024).
https://ev-volumes.com/news/ev/global-ev-growth-forecast-in-2024-but-challenges-remain/Global electric vehicle battery demand from 2016 to 2023, by leading region or country. Statista. (2024).
https://www.statista.com/statistics/1103229/global-battery-demand-by-region/Announced battery capacity and projected demand in the United States in 2030, by scenario. Statista. (2024).
https://www.statista.com/statistics/1487924/battery-capacity-and-demand-forecast-united-states/INVESTING IN AMERICA: Number of Publicly Available Electric Vehicle Chargers Has Doubled Since Start of Biden-Harris Administration. United States Department of Transportation. (2024).
https://highways.dot.gov/newsroom/investing-america-number-publicly-available-electric-vehicle-chargers-has-doubled-startLeading U.S. states for private and public electric vehicle charging stations and charging outlets as of April 15, 2024. Statista. (2024).
https://www.statista.com/statistics/416735/leading-us-states-for-electric-vehicle-charging-stations-and-outlets/
Related Articles
Car Sharing Facts and Statistics
December 20, 2024Gas vs. Electric Vehicles: Which Costs Less to Own?
December 19, 2024