Re:Sales of electric cars up by 43% in 2020
by africanboy on Monday January 25, 2021 @05:22AM
(#25901599)
gold trading volumes have doubled between 2018 and 2019.
It haven' t made it a replacement for fiat currencies in the following 2 years.
EVs are still too expensive for the majority of people that _need_ to buy a car and their growth will put pressure on the charging infrastructure, which is insufficient right now or inexistent in large areas all over the World, for example here in Italy outside of the 2-3 larger cities, owning a 100% EV is a luxury.
I'm also not sure production capacity can sustain that kind of growth in the near future.
In Europe regulations about emissions are driving up the EV sales for company fleets, but the overall car sales are going down. There are 40 million registered cars in Italy and in Q4 2020 only 8.5 thousands were new electric cars.
It haven' t made it a replacement for fiat currencies in the following 2 years.
EVs are still too expensive for the majority of people that _need_ to buy a car and their growth will put pressure on the charging infrastructure, which is insufficient right now or inexistent in large areas all over the World, for example here in Italy outside of the 2-3 larger cities, owning a 100% EV is a luxury.
I'm also not sure production capacity can sustain that kind of growth in the near future.
In Europe regulations about emissions are driving up the EV sales for company fleets, but the overall car sales are going down. There are 40 million registered cars in Italy and in Q4 2020 only 8.5 thousands were new electric cars.
We have a long way before EVs replace ICEs.