2020 may have been a bummer of a year by most measures, but it was a banner year for plug-in vehicles. Global sales of EVs and PHEVs reached 3.24 million (as reported by EV-Volumes), compared to 2.26 million in 2019. That’s an increase of some 43%, which is all the more impressive in light of the fact that overall global light vehicle sales fell by 14%.
The center of the action was Europe, which surpassed China as the motor of EV growth for the first time since 2015. Plug-in sales in Europe (EU countries plus the UK, Norway, Iceland and Switzerland) increased by 137% compared to 2019, while the overall vehicle market was down by 20%. Plug-in vehicles’ share of the overall auto market increased from 3.3% in 2019 to 10.2% in 2020.
Ilika plc (LON:IKA) is a pioneer in solid state battery technology enabling solutions for applications in Industrial IoT, MedTech, Electric Vehicles and Consumer Electronics.
