EVs made up 10% of all new cars sold last year, WSJ reports

Electric-vehicle sales crossed a key milestone last year, achieving around 10% market share for the first time, driven mainly by strong growth in China and Europe, The Wall Street Journal’s William Boston reports, citing fresh data and estimates. While EVs still make up a fraction of car sales in the U.S., their share of the total market is becoming substantial in Europe and China, and they are increasingly influencing the fortunes of the car market there as the technology goes mainstream. Global sales of fully electric vehicles totaled around 7.8M units, an increase of as much as 68% from the previous year, according to preliminary research from LMC Automotive and EV-Volumes.com, research groups that track automotive sales. Publicly traded companies in the space include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz Group (DDAIF), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM), Volkswagen (VWAGY), Xpeng (XPEV), Li Auto (LI), NIO (NIO), and Lucid Group (LCID). Reference Link