The world is slowly working towards fully electrifying its roads, and Europe is leading the charge. Although the continent is behind China in terms of global market share, several European countries have announced plans to ban the sale of new internal combustion engine (“ICE”) vehicles over the next few decades. This year alone, car makers in Europe have sold more than 500,000 battery-powered electric cars, despite the coronavirus pandemic and an historic economic crisis.
According to data collated by Schmidt Automotive Research, more than 1 million plug-in cars, including hybrids, were sold in the UK as well as Europe’s 17 largest markets. Compared to the 354,000 electric cars sold across the entire region last year, this is a significant increase. It can be attributed to stricter emission rules and increased consumer interest, which have prompted vehicle…
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