These numbers are for projected global sales.
Calendar year 2021 will see the introduction of many new EVs worldwide.
These predictions are, well, predictable. Nearly all manufacturers have introduced, if not production EVs, concepts or prototypes of their EVs in the last year or two. Some are the road while many more will be added in 2021.
Chat surrounding EVs has grown in intensity over the last two years with many giant automakers making announcements about their future EV plans. Volkswagen, General Motors and Hyundai have all outlined lofty goals and they seem to be well on their way to delivering many new EVs.
Obviously, we cannot say the letters “EV” without mentioning Tesla, and rightly so. Tesla has put in motion its projects for China, Europe, and the US and there’s little doubt that they will have much to share in 2021.
All of this buzz and these constant stories about EVs are feeding the interest for electric vehicles. Market Watch’s report, written up using a Morgan Stanley analyst’s view, points out what is nearly obvious. One particularly interesting race will involve electric pickups.
“The year 2021 “is shaping up to be a critical year for EV adoption and (internal combustion engine) de-adoption that will dictate the pace of multiple expansion, contraction, consolidation and proliferation” among the stocks, Morgan Stanley analyst Adam Jonas said in the note.”
We’re no Morgan Stanley but we’re willing to predict that 2022 will probably generate similar growth numbers. Possibly even in 2023.