Electric Vehicle sales predicted to surge in 2021
2021 will be the biggest year for EV sales with markets in Europe and Asia expected to see the most grow.
"Meanwhile, Cairn Energy Research predicts the biggest growth in EV sales next year will happen in Europe, mainly because governments in the EU are committed to lowering carbon dioxide emissions. That commitment is pushing countries like France to roll out new incentives to convince residents to buy electric cars. In announcing a new bonus for people to buy an electric car, France President Emmanuel Macron said he wanted France to become the top producer in Europe of clean vehicles.
Jaffe says there is a wave of electric vehicle production coming from Europe that will spur greater sales. “The European automakers and Tesla are all adding capacity and that will really have an impact starting next year,” said Jaffe. Tesla’s next final assembly plant outside of Berlin is scheduled to begin production of the Model Y by the middle of next year."