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News

Take this year’s EV penetration no.s with a pinch of salt

Posted on - 05 Nov 2021

Category - News & Views

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...

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EV EV sales ICE Penetration