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These countries are leading the electric car markets in 2022

Norway, Iceland, Sweden, Denmark, Finland, China, and the United States lead the electric car market.

by Babu Patil
These countries are leading the electric car markets in 2022

According to the most recent Global EV Outlook published by the International Energy Agency (IEA), electric vehicles accounted for approximately 10% of total automobile sales around the globe in 2017, with a substantially greater percentage being achieved in numerous nations located in northern Europe. In our ranking of countries that will have the greatest electric vehicle (EV) market penetration in 2021, the five countries that make up the Nordic region occupy the top five spots: Norway, Iceland, Sweden, Denmark, and Finland.

The leading 12 European nations, which have been years ahead of the rest of the world in terms of electric car adoption thanks to tax policies that encourage the purchase of electric vehicles rather than gasoline-powered automobiles. In addition to these incentives, a number of these nations have either set objectives or passed legislation that call for completely discontinuing the production of new gas automobiles within the next several years. In 2018, electric vehicles (EVs) accounted for the bulk of sales in Norway (86%) and Iceland (72%), both of which were well ahead of the rest of the world in this regard. When it comes to having the most electric vehicles on the road per capita, the countries of Norway, Iceland, and Sweden stand at the top of the list.

China has also made significant headway in the adoption of electric vehicles (EVs), and it has emerged as the global leader in the production of EVs. As reported by The New York Times in December of the previous year, “China will be manufacturing almost eight million electric automobiles annually by 2028…compared with one million” in 2020. And at this point, China is already light years ahead of every other nation in terms of the overall number of electric automobiles that it has sold.

Canada, South Korea, the United States of America, and New Zealand are the only other non-European nations to make it into the top 20, and they occupy the bottom four slots.

The market for electric cars has been expanding at a rapid pace, and analysts anticipate that this trend will go on. In 2021, 6.6 million electric vehicles were sold all over the globe. According to the International Energy Agency (IEA), this is put into perspective as follows: “Back in 2012, barely 120,000 electric vehicles were sold globally. The number of units that were sold weekly in 2021 was more than that. This year, 2 million electric vehicles (EVs) were sold throughout the world in only the first three months of the year, which is a 75% increase over the previous year’s sales during the same time period....

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