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Global sales of EVs like Tesla rises 43% in 2020 amidst fossil fuel cars’ decline

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Sales of electrical vehicles throughout the globe saw a remarkable surge in 2020, increasing 43% to over 3 million units by the close of the year. This is despite the presence of a pandemic that led in overall automobile sales slumping by a fifth in 2020. In a way, these figures highlight the idea that EVs are presently being preferred by a growing number of consumers. 

Tesla, the global pioneer in EVs, led the charge, selling half a million automobiles during 2020. Volkswagen, a veteran automaker that has made significant strides in embracing electrical freedom, also played well thanks to vehicles such as Porsche Taycan and Volkswagen ID.3, both of which were received well. Data from Sweden-based consultancy EV-volumes. Com reveal that EV sales really climbed in Europe this past year, pushing the area past China since the world’s biggest electric vehicle industry. 

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In an announcement to The Guardian, Viktor Irle, sales and advertising analyst in the Sweden-based consultancy,” said that increasing EV earnings were driven partly by government policies intended to reduce carbon emissions, in addition to the simple fact that electric automobiles are presently being perceived as superior for their inner combustion-powered counterparts. 

“The governmental push is still there — [governments] everywhere talk regarding the green recovery. But the primary reason for expansion is simple — electric automobiles are a much better technology. There is not any noise, no pollution, better acceleration, and cheaper running costs. If people test-drive an electric automobile, they’re not even going to return to gasoline vehicles. The issue right now is that the price is a little bit higher, but the cost is truly coming down too,” Irle explained. 

Granted, electric vehicle sales from March into June 2020 dropped below their 2019 statistics. This was understandable since those months represented the elevation of this Covid-19 lockdowns. But after this period of time, EV earnings recovered in impressive fashion, and by the close of the calendar year, they had been double their level at December 2019. 

Irle explained several elements that contributed to these impressive figures. For starters, greater government regulations meant EV buyers are incentivized to buy vehicles that were clean. Tesla’s approach of directly promoting vehicles to clients might also have helped buyers embrace EVs more due to its ease. Interestingly enough, the superior price of electric automobiles might also have helped improve their earnings numbers. “The affordable car segments are the worst hit in recessions, as it’therefore not generally high-income people that buy those automobiles,” the analyst noted. 

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