Take this year’s EV penetration no.s with a pinch of salt
A lot’s been made recently about the high EV sales penetration levels. EV sales penetration is measured as the number of new EV sales as a percentage of the number of new passenger vehicle sales. We would suggest that readers might consider taking the numbers in the second half of the year with a pinch of salt. And that’s because of the chip shortage. The chip shortage has artificially depressed ICE sales, and not impacted EV sales to the same extent. As a result, EV sales penetration looks higher than it may very well look on a like for like...