The global transition towards electric vehicles continues to gather momentum. The largest European markets are playing a significant role in this transition. Meanwhile China has resumed its position as global volume leader, and the US market is starting to show real promise.
Although absolute sales of BEVs and PHEVs actually fell in Europe in the first quarter of 2021 from the record highs of the previous quarter, this can be attributed to registrations of vehicles that were brought forward to meet sales and CO2 targets at the end of a dismal 2020 for the auto industry. Taking a longer perspective, we cannot fail to observe an accelerating trend in EV sales which confirms that actual market developments are vindicating forecasts of major disruption in the auto industry. Register now and receive insights about the electric vehicle sales developments in the different markets and territories.
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