Electric vehicle sales will likely rise in the US this year, driven by global warming concerns and associated regulatory mandates, industry observers say. Overall, US light-vehicle sales will slip 2.3% to 16.5 million units in 2020 compared with 2019, according to the American Chemistry Council (ACC), a trade association. The ongoing economic slowdown accounts for this general decline. In contrast, the consulting firm IHS Markit predicts that the percentage of US electric vehicle sales—including fuel-cell and hybrid-electric units—will more than double, from roughly 4% of overall vehicle sales in 2018 to 9% in 2020. Europe and China will see electric car sales surge from 6% of overall 2018 sales in each region to 23 and 19%, respectively, in 2020. Behind the increases are fleet carbon dioxide reduction targets in California and similar greenhouse gas reduction requirements in Europe and China. Kevin Swift, the ACC’s chief economist, can’t say if the
10.1021/cen-09802-cover14-car-gr1
Electric vehicle sales are on the upswing. (Credit: Shutterstock)
Switch to electric vehicles will gain momentum
Chemical & Engineering News ; 98 , 2 ; 28
2020-01-13
Article (Journal)
Electronic Resource
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