Electric Vehicle Sales Top $1 Trillion in Wake-Up Call for Carmakers

15 Feb 2023 | Abstracted from Knowledia

"...annual spending on passenger EVs hit $388-billion in 2022, up 53% from the year before. With the 2022 tally included, the total value of electric vehicles sold to date in the passenger vehicle segment has now crossed $1-trillion.

"...global auto sales are worth around $2.5-trillion a year. So, over the last ten years since EVs first showed up in the modern era, the value of total car sales has been roughly $25-trillion..."

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