The coronavirus has dealt the world economy a blow it will take years to recover from. With most economies severely slowed down for most of the year, plenty of industries have been affected. While the food service, air travel, and hospitality industries were perhaps the most affected, the automotive industry did not escape unscathed, at least until July. After months of disappointing sales, the UK industry saw 175,000 new registrations in July, an 11% rise from last year.
Battery-powered electric vehicles accounted for 4.7% of all new sales in July, and experts expect this trend to continue for the rest of the year. In fact, Deloitte predicts that by the end of the decade, 31 million plug-in vehicles will be registered worldwide each year. Despite the prevailing global circumstances, electric vehicles have had a rather good year, with sales numbers tripling from 2019 to 2020. This lines up perfectly with most developed…
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