EVs could reach 10 million by the end of 2020

EVs could reach 10 million by the end of 2020: 10 million electric vehicles (EVs) are expected to be on the world’s roads by the end of this year.

This is according to the International Energy Agency (IEA) in a recent study, which despite the ongoing Covid-19 pandemic notes a growth in EV sales .

EV sales could account for a record 3% of total global car sales this year, according to the findings – this could keep 2020 EV sales on par with the 2.1 million sold in 2019.

However, it notes data collected between January and April suggests total global car sales could shrink by 15% in 2020 as a result of the Covid-19 crisis which is expected to shrink overall vehicle markets.

The Coronavirus crisis could provide an opportunity to hasten the transition to EVs, sales of which have grown by 30% year-on-year over the past decade, according to the IEA.

Accounting for half of the total sales completed in 2019, the study highlights that China leads the world in terms of global sales of EVs, .

EVs could reach 10 million by the end of 2020

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