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Big bounce in Global EV sales in Dec

Posted on - 10 Feb 2020

Category - Trade & Demand

December saw a hefty m/m bounce in global EV sales, which were up 58% m/m taking total sales in 2019 to 2.19m units, up 10% y/y, considerably better than expected over most of the second half of the year. China led the way with an 80% m/m increase in sales in December, taking total sales for 2019 to 1.14m units, up 5% y/y. While this was nominally more positive and certainly supported by the government decision to cease EV subsidy cuts which was announced in January, all bets are now off with the occurrence of the CoronaVirus which has effectively...

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China EV Tesla