In most parts of the world, electric vehicle sales are little more than a trickle right now. Sure, Norway stands in a class of its own — 65 percent of vehicles sold there in 2021 were fully electric — but in other regions, that percentage is more likely to be the low single digits.
Even so, the auto industry is confident consumers will make the switch in the coming years. For anyone unclear about this, just look at the huge sums of money automakers have said they will spend on the shift to EVs.
"There are a lot of variables at play here, but if things continue the way they are, we fully expect electric vehicles to become a very prominent part of the industry," said Brent Gruber, senior director of global automotive at J.D. Power. "I think there's no better indication of that than the amount of investment that manufacturers have put into the space."