- The pandemic saw global car sales fall 14% in 2020, yet EVs rebounded: sales of 3.2m were up 43% y-o-y versus 3% in 2019.
- Europe, China and California accounted for 52% of the total car market in 2020 but 87% of EV sales.
- Biden's American Jobs Plan intends to allocate $174bn to close the gap with China on EVs in the US and includes spending on consumer incentives and charging infrastructure.
- In H220, the UK, Japan and California (markets accounting for c 10% of global car sales) announced the intention to phase out sales of fossil fuel cars by 2035, bringing transport policy in line with their broader net zero climate objectives.
For further details see:
EV Outlook #1 - Growth, Policy And Net Zero