Electric car sales will increase by almost 30% annually over the next ten years, so that by the end of the decade, one in three new cars sold globally will be electric, according to the Deloitte report “Electric Vehicles. Setting a course for 2030,” published on Thursday.
According to the document, the total number of electric cars sold annually worldwide will increase from 2.5 million – in 2020, to 11.2 million – in 2025 and to 31.1 million – in 2030.
On the other hand, the report predicts that as the world’s economies recover from the crisis caused by the COVID-19 pandemic, sales of internal combustion engines will resume and reach 81.7 million, in 2025, globally, but will decline in the coming years, according to Agerpres.
“(…) measures taken in the context of COVID-19 to support the car market have favored electric cars in some markets. For example, in Germany, the government has temporarily reduced VAT from 19% to 16% for low-emission vehicles and doubled existing subsidies to nearly $7,000 for electric vehicles costing less than $45,000. In France, consumers who buy cars of up to $50,000 receive an incentive of nearly $8,000, up from about $7,000 before the crisis. At the same time, the French authorities doubled the scrapping premium for old cars, while in China, subsidies for electric cars and tax cuts, which were due to expire in 2020, were extended to 2022,” wrote the Deloitte specialists.
On the other hand, the specialized report reveals that, in the USA, the market has evolved disappointingly lately, in the context in which petrol and diesel have low prices and the range of available models of electric cars is small (Tesla 3 model is almost half of the sales in this niche).