As of Q1 2022, the production of electrified vehicles in North America is projected to reach 1.9 million units in 2022, an increase of 36.7% from 1.4 million electrified vehicles produced in 2021, according to GlobalData’s automotive database.

The production forecast for electrified vehicles in 2022 represents a share of 13.5% of the global electrified vehicle production.

 

In 2021, North America electrified vehicles held a share of 13.3% of the global electrified vehicle production.

Geographically, North America is projected to be the fourth largest region for total electrified vehicle production in 2022, with a share of 13.5%. China will account for the largest share of electrified vehicle production with a share of 35.1%.

In 2023, the electrified vehicle production in North America is expected to touch 2.5 million units, an increase of 34.3% over the 2022 estimated figure, and hold a share of 13.9% of the global electrified vehicle production.

Looking ahead to 2026, the production of electrified vehicles in the region is predicted to touch 4.4 million units, representing an annual growth rate of 26.5% compared with the 2021 production volumes, and accounting for 15.1% of the global electrified vehicle production.

Further down the line, the region’s electrified vehicle production is forecast to reach 12.5 million units in 2036, marking an annual growth rate of 16.0% compared with the 2021 production. As a proportion of global electrified vehicles produced in 2036, North America is likely to hold a 20.7% share.

Methodology

GlobalData’s in-depth component forecast gives a detailed picture of the future prospects for a number of automotive technologies. Using this dataset, we can gain a rich understanding of the fortunes of the electrified vehicle segment.

Electrified vehicle is a term that encompasses a number of different automotive powertrain technologies that incorporate electrification. This covers the growing battery electric vehicle segment, along with adjacent technologies including mild and full hybrid vehicles, plug-in hybrid models, and battery electric vehicles equipped with combustion engine range extenders.