COVID-19, is creating different business environments. So will electric vehicle sales prosper or struggle?
The current reduction of vehicles on the road has produced some incredibly good local environmental conditions. This may enhance the push for electric cars. When we get back to normal that it may not help the sales of EVs in the short term, especially with the price of petrol going down.
Automotive Market Analyst Group Matthias Schmidt revised its forecast for EVs in Western Europe for 2020 from 650000 to 625,000 vehicles, which would still be a significant increase over 2019.
The situation is made harder for manufacturers because the EU has targets for the percentage of cars sold that produce zero local pollution and the EU can find companies that don’t reach their own targets.
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