The graph above shows where in the world new EVs and PHEVs have been registered over the last ten years.
If we accept that overall global supply is limited, it’s interesting to see where the cars are going.
Through to the end of 2019, more than half of the cars built went to China. But whilst growth there remains broadly constant, it’s Europe that was the biggest mover in 2020. Note that Germany alone registered more (398k) that the whole of the US (328k) in 2020.
So whilst demand for electric cars soars in Europe, and in particular in the UK fleet market, one can’t help wondering whether US demand, under Biden, will now also surge, and what this means for the rest of the world?