In 2022, sales for BEVs (battery electric vehicles) in the US increased 88% in comparison to 2021, according to a new report from PwC’s Strategy&. China’s BEV market was close behind, with sales growth of 85%.
The soaring sales of electric vehicles has, so far, not been derailed by war in Europe, fears of recession, rising living costs and higher interest rates.
The challenge is how to deliver EVs at the speed and cost at which consumers demand, keeping focus on the tight supply of metals. Read more from our latest analysis: