white and orange gasoline nozzle
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The sales of electric vehicles appears to be booming – in China and Europe. The market appears likely to grow around 80% to 5.6 million cars this year.

Also, a lot of home chargers are getting installed – but here, the USA is a meaningful number.

From the underlying report:

11% and 17% of cars sold in China and Europe, respectively, were electric in 1H 2021, in contrast to 1% in Japan and 3% in North America.

The biggest car markets in Europe have made significant progress since 2019. Between 1H 2019 and 1H 2021, the EV share of sales has increased:
● From 3% to 22% in Germany
● From 2.8% to 16% in France
● From 0.5% to 8% in Italy

Bloomberg Zero-Emission Vehicles Factbook

I suspect that very soon, electric cars will be cheaper than cars with internal combustion engines, and that day will represent a tipping point. From that day (or year) onwards, I think electric car sales will dominate all car sales very rapidly.

An outlier here seems to be India – a big market, with very few electric cars apparently being sold there. Another strong data point that trade restrictions not only impoverish people, they harm the environment, I guess.

Michael Josem is a long-term consumer advocate, most prominently as a global leader in combating fraud in the online gambling industry. He was in part the inspiration for the 20th Century Fox Movie, Runner Runner, starring Ben Affleck and Justin Timberlake.

Josem has over a decade of experience as a senior business leader working across various high-tech and online industries, and takes action to build a better community. His primary volunteer roles include service for the Commonwealth War Graves Commission, and Graih, the homelessness charity.