Two Main Factors Driving EV Growth and Tesla in This Game
Tesla may have lion's share in the upcoming 36% growth of EV sector. Here is where Tesla is going beyond 2021.
The Tesmanian reports:
A new report by Cairn Energy Research Advisors, a battery and electric vehicle research company, predicts a surge in electric vehicle sales in 2021 as countries around the world are introducing new programs that encourage consumers to buy battery-powered cars. According to Cairn, global sales of electric cars in 2021 will grow by 36% and top 3 million vehicles for the first time ever.
“There’s pent-up demand for electric vehicles,” said Sam Jaffe, managing director of Cairn Energy Research Advisors. “We will see a combination of factors make 2021 an inflection point for the sale of electric vehicles.”
Jaffe believes that the two main factors driving demand for electric cars are markets in Europe and China. At the moment, according to Sanford C. Bernstein, China is already the world's largest market for electric vehicles. In 2019, 1 million battery-powered cars were built there.
Also, see my latest story on why Tesla's Giga Berlin Groundbreaking was silent.
Armen Hareyan is the founder and the Editor in Chief of Torque News. He founded TorqueNews.com in 2010, which since then has been publishing expert news and analysis about the automotive industry. He can be reached at Torque News Twitter, Facebok, Linkedin and Youtube.