Greater China and Western Europe to Lead in EV Shipments in 2022
With China imposing a mandate on automakers requiring that EVs make up 40% of all sales by 2030 and automakers establishing new factories for manufacturing electric cars, Gartner estimates that Greater China will account for 46% of global EV shipments in 2022. Greater China will take the No. 1 position in shipments globally, shipping 2.9 million EVs in 2022. Western Europe is on pace to ship 1.9 million units in 2022, ranking No. 2 in EV shipments.
As governments across the world introduce new regulations and incentives to fuel EV sales, the automotive industry is also increasing investment in companies that provide charging infrastructure and vehicle battery technology to support and bolster the transition to EVs by consumers and businesses. Gartner forecasts that the number of global public EV chargers will rise from 2.1 million units in 2022, up from 1.6 million units in 2021.
“Additionally, a major issue that must be addressed is lack of fast-charging availability for home and public charging,” said Davenport. “Utility providers will need to increase their investments in smart grid infrastructure to cope with the growing consumption of electricity. Additionally, to meet climate change ambitions, countries which utilize fossil fuels to generate electricity will need to redesign their power generation to respond to the transition.
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