Corporate Investment In Battery Tech Has Exploded ...Middle East

Economy by : (OILPRICE) -
At a time when the Covid-19 pandemic continues to decimate the global transport sector, the EV trajectory has remained incredibly bullish. S&P Global has reported that global EV sales expanded an eye-popping 43% in 2020 to reach 3.24 million units. In sharp contrast, global light vehicle sales are estimated to have tanked 20% last year, with sales in the United States declining 14.7% to 14.5M units, the lowest level since 2012.Yet, despite the robust growth, only 4.2 of 100 new vehicles sold last year worldwide were of the electric type.Whereas…

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