EU to outpace China’s EV growth in 2021, says report

Recent research forecasts that global electric vehicle sales will continue to surge in 2021. By Freddie Holmes

It has been a rollercoaster ride for the automotive industry in 2020: from the COVID-19 pandemic and oil price wars to heightened geo-political tension and scathing reports on promising start-ups. All eyes are on 2021 for a period of stability, but a new report by The Economist Intelligence Unit (EIU) suggests that recovery will be “slow and painful.”

“After a disastrous 2020 for the global automotive sector, we now expect an upturn in 2020, but carmakers across the world will need to seek out growth pockets while pushing through extensive cost-cutting programmes,” commented Ana Nicholls, Director of Industry Operations at the EIU. The report, ‘Industries in 2021: a slow, painful recovery’, was published in October.

AIWAYS Intellegent Production Base - Assembly Workshop
Chinese EV makers such as Aiways are targeting European sales

The electric vehicle (EV) sector should

It’s time to log in (or subscribe).

Not a member? Subscribe now and let us help you understand the future of mobility.

Monthly Online Magazine
£195
1 user
12-month subscription (Annual rebill)
Access to Automotive World Magazine, our must-read monthly online publication
Mag + Articles + Special Reports
£495
1 user
12-month subscription (Annual rebill)
Access to Automotive World Magazine plus all articles and more than 40 special reports per year
All Content
Single-User License
£2,250
1 user
12-month subscription (Annual rebill)
Free tickets to Automotive World events
Unlimited online access to all content, including Automotive World magazine, articles, special reports, data and research
All Content
Team License
£3,950
Up to 5 users
12-month subscription (Annual rebill)
Free tickets to Automotive World events
Unlimited online access to all content, including Automotive World magazine, articles, special reports, data and research
All Content
Company-Wide License

Contact us for pricing

Unlimited users
12-month subscription
Free tickets to Automotive World events
Unlimited online access to all content, including Automotive World magazine, articles, special reports, data and research