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EV sales boom in a dark year

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21 January 2021

EV sales boom in a dark year

Report summary

The final full year sales figures for 2020 have been confirmed and EV sales have hit record highs. This comes at a time when global economies have been devastated and unemployment is still high in many countries. Sales of all vehicles are down 20% globally. How did EV sales exceed all expectations amid a pandemic? Which markets exploded to achieve such numbers? What were the drivers behind the increase in sales? Does this mean it's ‘game-over’ for ICEs?

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