Signs point to 2021 being a big year for electric cars. Even though EV volume is a relatively small share of the overall market, the market is beginning to stir. Electrics account for about 2% of sales. But 2021 sees a major push by manufacturers to introduce new models. More EVs are likely to spark a sales surge.
Ralf Brandstätter, who heads global passenger cars for Volkswagen,
VWAGY,
believes the inflection point may have happened last year. He said, “2020 was a turning point for Volkswagen and marked a breakthrough in electric mobility.” Worldwide deliveries of EVs at VW totaled more than 212,000 last year. “We are well on track to achieve our aim of becoming the market leader in battery electric vehicles,” Brandstätter said. “More than any other company, we stand for attractive and affordable e-mobility.”
Volkswagen’s serious push into the electric car market begins later this year