RE: Incoming News6 Oct 2021 16:46
The transition towards electric vehicles (EVs) is quite literally, accelerating.
Hard numbers emerging from the automotive industry confirm this.
A Jato report found that European sales of EVs have now exceeded sales of diesel-engine vehicles for the first time.
For August 2021, EV sales gained their highest ever monthly market share of 21%. Diesel-engine vehicles saw a 20% market share.
Petrol vehicles made up 56% of sales. Although there’s still come catching up to do for EVs, the gap is quickly closing.
For example, in August 2020, monthly sales of petrol vehicles were five times higher than EV sales (58% to 11%).
September’s European EV sales will no doubt been influenced by the recent fuel crisis here in the UK.
In fact, according to carguide.co.uk, online searches for EVs in the UK rose 1,500% on 24 September 201, in comparison to the average daily search volume.
AutoTrader has already reported a “huge spike” in demand for EVs in light of this, which will likely spill over into October and beyond.
It’s a similar story across the Atlantic.
EV purchases have almost doubled in the United States since October.
This could be boosted further if US President Joe Biden reaches an agreement to pass a $3.5 trillion infrastructure deal, that would – in part – see the deployment of further EV infrastructure across the United States. Currently, negotiations are ongoing.
With demand for EVs clearly rising across the world, there isn’t a better time to get involved in the EV space.