EV sales in Europe are booming — how long can it last?
When I assessed the likely impact of the current crisis on EV growth back in April, I anticipated Europe would benefit most. I predicted the USA would be negatively impacted — with the possible exception of California — whereas China would remain at pre-crisis levels, i.e. flat vs. 2018 and 2019. I expected Europe to introduce incentives aimed at bolstering the automotive industry, with a focus on clean energy. Europe did just that and it had a significant impact on sales. Plug-in EV (battery EVs and plug-in hybrids) sales reached 7.2% of total EU car sales in Q2 2020, three times the…
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