Electric & Autonomous Vehicle Newsletter 3/4/2021
The EV Revolution |
Sales continue to grow globally for EVs and the expectation is that this will continue at an accelerated pace. China is expected to have a 31% YoY growth and the EU is expected to have a 58% YoY growth with EV sales. Factors that are helping with growth include: lower battery costs and government incentives. The EU is considering a ban on internal combustion engines by 2025, China is pushing for a wholly electric industry by 2035, and Japan is phasing out internal combustion engines by mid-2030s. The future is ready for EVs. |
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