Europe expected to reach 1M milestone in 2021, growth to slow

Europe’s electric vehicle sales are expected to surpass the one million mark in 2021, but growth is also anticipated to be slower as things get back to “normal”, according to a report by Schmidt Automotive Research. “Most mainstream forecasters expect a BEV market share closer to 19% by 2025,” said Forbes. “Meanwhile, the spurt in electric car sales is relying on large dollops of government subsidy, and demand may weaken considerably when they run out, experts say.” (Source: Forbes) Read the original story…

About Todd Phillips

Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.

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