Electric vehicle sales at the tipping point Global sales of electric vehicles rose by 43 per cent in 2020 and, as the price of batteries continue to fall, even faster growth is now being forecast.
Battery prices have been falling consistently and as a consequence the price of electric vehicles is now set to fall below that of petrol and diesel models, in what is being described by some analysts as a âtipping pointâ for the electric vehicle industry. Even without subsidies, this seismic event is likely to happen in around 2-3 years.
Norway, where tax breaks mean electric cars are cheaper, saw the market share of battery-powered cars soar to 54% in 2020 well ahead of most other European countries where sales account for around 5 per cent.
According to reporting by Reuters, sources in the US have revealed that the Trump administration has notified Huawei suppliers, including Intel, that it’s revoking certain licenses to sell to the Chinese company.