Those ad dollars are a sign of where the car industry is going, but don’t reflect where car sales stand right now: Only 9% of total global passenger car sales were electric vehicles, according to new research published Monday from market research company Canalys.
In 2021, 6.5 million EVs were sold worldwide, according to Canalys. That includes fully electric and plug-in hybrid passenger cars and represents 109% growth over 2020.
By comparison, the total global passenger car market grew 4% in 2021, Canalys said.
That means the electric vehicle market is growing at more than 25 times the pace of the car market overall, but it’s still only a small piece of the total.
Of the 6.5 million EVs sold in 2021, 3.2 million EVs were sold in 2021 to mainland China and 2.3 million EVs in Europe.
“In many European countries EVs represented more than a quarter of new cars sold,” said Ashwin Amberkar, analyst at Canalys, in the report. “But customers must be patient. A nine to 12 month wait time for a new EV is not unusual.”
The United States is a much smaller market for EVs, in comparison. Only 535,000 cars, representing about 4% of new cars sold in the United States, were electric.
“The competition’s EV sales are nowhere near Tesla’s in the US since Model 3 shipments ramped up in 2018,” Chris Jones, vice president and chief analyst at Canalys, said in the report. “Tesla even outsells many premium car brands in the overall market.”
With its massive footprint in EV sales in the United States, Tesla has a slight edge over the rest of the EV market globally: 14% of global EV sales were Tesla, followed by Volkswagen Group with a 12% global EV market share.