European Electric Vehicle Sales Outshine Chinese Market
For the past few years, China has had the largest electric vehicle (“EV”) market on the globe. Although the electric vehicle market is still growing, China has consistently managed to bag a large percentage of it, at least until recently. According to a new report from Bloomberg, the European electric vehicle sales have finally surpassed the Chinese market for the first time since 2015. The European EV market kept growing due to Europe’s automotive CO2 regulations as well as new model launches from automakers, despite the coronavirus pandemic. Bloomberg reports that around 380,000 electric vehicles were sold in the first…