eu ev sales

EU EV Sales to Pass 1M in 2020

Clean energy more than a fad; EU EV sales to skyrocket in 2020

From January to December 2020, EU EV sales will breach 1 million. Granted, this includes both hybrid and electric models. Nevertheless, the milestone is significant. After all, this projection anticipates sales to grow by more than four times in one year.

READ: German Power Grid Up for EV Challenge

Evidently, the continent’s governments have done a great job incentivizing clean transportation. If they wish to do business in Europe, automakers must quickly rollout EV fleets.

Ultimately, automakers musn’t surpass 95g of CO2 per km in any new vehicle.

Fine-ding sustainable solutions

eu ev salesThe fines imposed by the EU on carmakers who don’t satisfy these requirements are significant.

After all, €95 per gram – times the total number of cars sold in the EU – can’t be ignored. It seems there is no greater incentive than a monetary one.

For now, VW and Honda are expected to lead the European charge to market among electric automakers.

Competition in Europe

eu ev salesHowever, Tesla isn’t going away anytime soon. Moreover, brands like Dyson have also decided to enter the market.

Nevertheless, the increase among European EV manufacturers pales in comparison to China. Indeed, a bubble plagues the over 500 Chinese electric vehicle startups.

Regardless, it’s encouraging to see China and Europe take major steps toward phasing out combustible engines.

Their secret: progressive policy. American voters should take notice ahead of the 2020 election.

Related Articles

Harbour Air Electric Plane Coming Soon

EV Adoption Influenced by Social Groups

2019 Electric Cars To Get Excited About

Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of clean energy news, ULI is a lithium exploration company with holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).