McKinsey & Company, Automotive & Assembly, July 17, 2020: McKinsey Electric Vehicle Index: Europe cushions a global plunge in EV sales.
McKinsey’s proprietary Electric Vehicle Index (EVI) assesses the dynamics of the e-mobility market in 15 key countries worldwide (for more information on the metrics evaluated, see sidebar “What is the Electric Vehicle Index?”). EVI results for 2019 and the first quarter of 2020 provide important insights about market growth, regional demand patterns, market share for major electric-vehicle (EV) manufacturers, and supply-chain trends.
EV sales rose 65 percent from 2017 to 2018. But in 2019, the number of units sold increased only to 2.3 million, from 2.1 million, for year-on-year growth of just 9 percent. Equally sobering, EV sales declined by 25 percent during the first quarter of 2020. The days of rapid expansion have ceased—or at least paused temporarily. Overall, Europe has seen the strongest growth in EVs.
From afdc.energy.gov (at the link scroll down to "US plug-in electric vehicles sales by model"):
How many vehicles are sold in the US each year?
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