- Global electric car sales for March 2021 were up 173% YoY, reaching 8.2% share. Europe sales rose 169% YoY, reaching 16% share, while China sales rose 244% YoY, reaching 11% share.
- EV market news - Forecast: Electric vehicle sales will crack 5 million in 2021 reaching 7% share. Joe Biden’s vast infrastructure plan includes $174b to boost the markets for EVs.
- EV company news - Tesla produced ~180,000 vehicles (sold 185,000) in Q1, 2021. Volkswagen ID.4 named World Car of the Year 2021. Mercedes-Benz to accelerate its shift to electric cars.
- BYD launches e-platform 3.0. Nio, XPeng and Li Auto report strong March e-car sales. BofA begins coverage on Fisker with a buy and a US$31 price target.
For further details see:
EV Company News For The Month Of April 2021