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25 Feb
14:06

China, Germany become world's largest EV markets

According to a World Economic Forum (WEF) report in collaboration with Statista, China boasts the world’s largest electric vehicle (EV) market with sales of EVs and plug-in hybrids (PHEV) at 1 million and 246,000 units in 2020, respectively. This represents a 15% year-on-year increase, Kallanish learns from WEF. Germany was the second largest market with 394,943 units sold, a year-on-year increase of 263%. Although the US has the third-largest EV market, gr…
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