January 24, 2021

YOUR NEXT CAR WILL BE A VOLT:

Electric car uptake reaches tipping point in China and Europe (Bridie Schmidt,  25 January 2021, Renew Economy)

Across the Western European market, plug-in electric car sales rose to 12.3% of car sales in 2020, according to auto analyst Matthias Schmidt, while the broader market fell 25% during the pandemic to 1985 levels of just 10.8 million.

In China, meanwhile, EV sales reached 5.4% of the broader market in 2020. Energy economist Gregor McDonald notes this indicates both markets have reached the critical 5% level that is pinned by growth research as a take-off point for new technology.

Posted by at January 24, 2021 5:58 PM

  

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