Watch out Tesla – The Europeans are coming!
2020 EV brand sales data is out and it’s good news for European OEMs, with serious progress made on winning global market share. It could be bad news for Tesla (NASDAQ:TSLA) though. Volkswagen (ETR:VOW3) has seen the biggest growth in its global PEV sales, up 197% y/y to 422k units. Daimler (ETR:DAI) saw a 221% increase to 146k units and Peugeot (now part of Stellantis; BIT/EPS:STLA) saw a 652% increase in sales, to 68k units. Those performances rather eclipsed Tesla which, even though it still has a number one global market position, only managed to grow sales by 36% y/y....