Countries racing for highest share in plug-in electric vehicles

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Electric Vehicle- Electric Car

Norway has the largest electric vehicles per capita than any other country, claims WEF analytics

For the past couple of years, the global auto industry has been witnessing the biggest revolution in history and the adoption of electric vehicle has developed to a great extent. As per a joint collaboration report among Statista and World Economic Forum, the sales of electric vehicles have escalated to 30 percent in each year.

Although a series of challenges and intricacies triggered by the global Coronavirus pandemic, which has crippled the automobile industry to a huge extent, electric vehicles made a colossal jump forward in many countries in 2020.  The electric vehicle world sales database, EV-Volumes has recently stated that plug-in electric vehicles accounted for 4.2 percent of global light vehicle sales last year, an escalation from 2.5 percent in 2019.

Towards the end of 2020, only 13 countries have been able to push electric vehicles past 10 percent of new light-vehicle sales, claims Mint. It added that in terms of plug-in electric vehicles, Norway retained the top spot with 75 percent share, while Finland, Iceland, and Sweden remained in the top five.

Countries with the highest share of plug-in electric vehicles in new passenger car sales in 2020:

1. Norway (74.8%)

2. Iceland (45%)

3. Sweden (32.2%)

4. Netherlands (24.9%)

5. Finland (18.1%)

6. Denmark (16.4%)

7. Switzerland (14.3%)

8. Portugal (13.5%)

10. Luxembourg (11.4%)

11. France (11.3%)

12. Belgium (10.7%)

13. UK (10.7%)

Now, China, which is regarded as the biggest market of electric vehicles in terms of unit sales is now lagging out of the top 10, accounting for 6.2% of passenger car sales in the country, while on the other hand the share of US also decreased to around 2.3 percent.

The point to be noted is that is according to auto experts, the Nordic countries pushes for heavy import duties and a huge car registration tax that makes vehicle extremely expensive than the US. New Zealand has of late said that to promote the importance of EVs in their country, they would offer a discount of $8,625 on a new electric car, or $3,450 off on a already used car. In Fact, Germany also announced to subsidize electric vehicles by 9,000 euros.

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