Global sales of hybrid and electric vehicles in 2021 will account for 16% of total passenger car sales against 11% in 2020 amid growing demand for electric cars, experts from the British analytical company Oxford Economics (OE) predict. According to analysts, 2021 will be a period of active transition to cars with non-gasoline engines, which will spur growth in sales of this type of car.
“The (EV sales) share of total new passenger car sales will reach 16% in 2021, up from 11% in 2020 – the largest annual growth in EV market share ever. By 2030, this share will reach 44%,” – consider in OE. Demand for electric vehicles is growing at a faster pace in Europe, supported by programs to reduce harmful emissions into the atmosphere. In this regard, the share of sales of electric cars in Europe in 2021 may reach 31%, and by 2030 – 80%, experts noted. The cost of green cars can be reduced by lowering the price of car batteries, which are currently the most expensive component (about 30% of the cost of the entire car). As the cost of batteries decreases, sales of electric cars will grow and significantly accelerate from 2028, OE believes.