Global EV sales bounce back in November
Global EV sales reversed October’s slowdown in November, making this a third record-breaking month for the year of 2021. The recovery was driven by strength in both China and Europe. European sales rose 20% m/m to just shy of 230,000 units and Chinese by 25% to just over 430,000 units. China is now on track to sell well over 3.2m EVs in 2021 with Europe likely to hit 2.2m. Global sales could exceed 7m units, more than double 2020’s level. The best-selling vehicle globally remains the Tesla Model 3 but, as we’ve noted during the year, smaller EVs are doing...