410 billion current U.S. dollars were spent on electric cars across the globe in 2022. Consumers made up just over 89 percent of this spending. While more government organizations such as the Environmental Protection Agency called for reducing transport emissions, governments worldwide spent some 45 billion current U.S. on electric passenger vehicles in 2022.
Electric car spending worldwide between 2017 and 2022, by consumers and government
(in billion current U.S. dollars)
Data uses 2022 as the basis for current U.S. dollars.
The source specifies that: "Government spending is the sum of direct central government spending through purchase incentives and foregone revenue due to taxes waived specifically for new electric cars. Only central government purchase support policies for electric cars are taken into account. Spending on charging is not included. Consumer spending is the total expenditure based on model price, minus government incentives. Excludes incentives for company cars."
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IEA. (April 21, 2023). Electric car spending worldwide between 2017 and 2022, by consumers and government (in billion current U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1312334/global-spending-on-electric-cars-by-spender/
IEA. "Electric car spending worldwide between 2017 and 2022, by consumers and government (in billion current U.S. dollars)." Chart. April 21, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1312334/global-spending-on-electric-cars-by-spender/
IEA. (2023). Electric car spending worldwide between 2017 and 2022, by consumers and government (in billion current U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1312334/global-spending-on-electric-cars-by-spender/
IEA. "Electric Car Spending Worldwide between 2017 and 2022, by Consumers and Government (in Billion Current U.S. Dollars)." Statista, Statista Inc., 21 Apr 2023, https://www.statista.com/statistics/1312334/global-spending-on-electric-cars-by-spender/
IEA, Electric car spending worldwide between 2017 and 2022, by consumers and government (in billion current U.S. dollars) Statista, https://www.statista.com/statistics/1312334/global-spending-on-electric-cars-by-spender/ (last visited November 21, 2024)
Electric car spending worldwide between 2017 and 2022, by consumers and government (in billion current U.S. dollars) [Graph], IEA, April 21, 2023. [Online]. Available: https://www.statista.com/statistics/1312334/global-spending-on-electric-cars-by-spender/
