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Global PEV sales hit a record in November

Posted on - 07 Jan 2021

Category - Data update

Global PEV sales hit a record level of 414k units in November as both European and Chinese sales reached a monthly record. PEV sales are now up 32% y/y YTD and are on track to hit c.2.8m units for the year, which would be a 28% y/y increase, a fantastic result given the slowdown in the first quarter. Chinese PEV sales have accelerated strongly in the final third of the year and are now on track to exceed 2019 levels. With the government re-iterating market share targets for 2025 and 2030, the sector is likely to stay in focus in...

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China Europe EVs PEVs