2018 Was A Huge Year For Electric Vehicles (In Charts)

2018 was a record-smashing year for electric vehicles (EVs) in almost every way. After getting the data from December, the following records were set:

• Most sales in a year (2,018,247 units)
• Highest sales in one month (268,367 units)
• Highest annual plug-in sales market share (2.1%)

The fantastic growth of electric vehicles can best be summed up in one chart:

Source: EV Sales Blogspot / IEA

Sales grew an astounding 72% over 2017, as growth rates are showing zero signs of slowing down as market share rises. 2017 was the first year EV sales managed to crack the 1 million units mark, and in 2018 sales have topped 2 million units.

A common concern is that EV’s won’t be able to maintain the strong growth percentages as their market share grows. So far, we can’t see any indication that is the case in the data:

Sales grew at a fastest annual pace since 2012, when EV market share was just 0.17% of sales…