Sales of electric cars double, reaching 13% of the world market

13% of the vehicles sold in 2022 were electric, reaching 10,5 million in sales worldwide. Despite the fact that consumers have shown increasing interest, the electric mobility ecosystem must respond to the impulsiveness of the final deployment of the electric vehicle, working in six key areas so that electric mobility can be deployed definitively.

Electric traction vehicle (EV) sales have increased by 55% in 2022, accounting for 13% of total vehicle sales worldwide. This is one of the main conclusions of the first edition of the report carried out by EY.

The study estimated that by 2030, electric and hybrid sales were estimated to represent more than half of global sales (55%) -three years earlier than what was considered in 2021-. In Europe it would mean an increase of 74%; while, in the US, 43%. EV sales will surpass other powertrains in Europe by 2027, according to research.

Growth, which, according to the first edition of this analysis, occurs in a context of frequent interruptions in supply locks, increases in the prices of raw materials, energy and high inflation; due to the geopolitical and economic situation in which it lives. But, a request that is explained by the greater awareness of the buyer's mediator (38%), a more favorable regulatory environment and an increase in the variety of the offer.

The annual study on mobility trends prepared by EY also concludes that 52% of users who plan to buy a vehicle in the next two years will opt for an electric or hybrid one. On the other hand, the capacity of the energy sector to create sustainable, capillary and intelligent charges will determine the expansion of the electric bus.

Regardless of the European strategy to boost the development of the EV ecosystem, the EU has focused on encouraging the purchase of electric vehicles by 2022, banning the sale of new internal combustion vehicles by 2035, building more than 30 gigafactories and reach 5 million public freighters in Europe -today, there are 139 services available for smart charging vehicles and more than 480.000 public freighters-. The latter is key; is that the availability of charging stations is the main barrier to buying an electric car, followed by range and price

consumer acceptance

According to the study, most developed economies have proposed that electric vehicles are the only alternative for those who want to acquire a vehicle by 2035. The European Union, the United States and China are leading the process. Of course, 90% of consumers are paying more for an electric vehicle and 52% plan to buy an electric vehicle as a nearby vehicle, the report concludes. However, not all consumers are equally convinced by the change. There are three types of consumers according to their degree of acceptance: 20% are convinced of the sustainability and safety of the electric car, 20% refuse to adapt their mobility to the electric vehicle and 60% are undecided due to the price or the lack of infrastructure.

This work also gives six keys for the definitive use of the electric car. is the next:

1

Supply Padlock Resiliency:

Invest in the optimization and autonomy of the electric vehicle production lock.

Ensure the development and use of renewables to decarbonise mobility in all its processes.

3

Access to a charging infrastructure:

Implement a public access charging network for all future users.

4

Smart Red Electric:

Modernize and increase the security of the red supply through the integration of vehicles.

Improve smart mobility services based on data generated by vehicles and parking lots.

Obtain a workforce with the necessary qualifications and skills through upskilling and reskilling.

Francisco Rahola, social manager of Markets at EY, stated that the decarbonization of transportation and the replacement of the global fleet of internal combustion vehicles with electric traction is one of the keys to the ecological transition towards a low carbon economy. "There are certain critical factors for its development, among which are the supply chain or the development of networks, in which it is necessary to continue working," he acknowledges.

In the words of Xavier Ferré, partner responsible for the Automotive and Transportation sector in Spain at EY, believes that industry 4.0 will be key as a driver of the EV car, and ensures that digitization and the introduction of new technologies in the manufacturing process "will cover important endorsements: optimizing raw materials to speed up manufacturing much more and, two, creating a unique customer experience with significant economic and social value.”

The growth in electricity sales occurs in a context of frequent interruptions in supply locks, increases in losses of raw materials, energy and high inflation; due to the geopolitical and economic situation in which it lives. But, a request that is explained by the greater awareness of the buyer's mediator (38%), a more favorable regulatory environment and an increase in the variety of the offer.