Global demand for electric vehicles (“EVs”) is on the rise. Despite car makers dealing with chip shortages and supply chain disruptions, 2021 sales rose by 109% in comparison to the previous year. In a report released last week by marketing firm Canalys, about 6.5 million battery electric and hybrid vehicles were sold, with Tesla (NASDAQ: TSLA) accounting for 14% of the market share.
According to the report, the global car market expanded by 4% last year with EV sales accounting for 9% of total passenger car sales. Most electric cars, about 85%, were sold in Europe…
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