Europe became the largest market for electrified vehicles in 2020. Emission targets, generous subsidy schemes across key European markets and increasingly larger model variety explain why this region will remain the largest EV region in 2021.
Globally, over 500 electrified car models will be on offer. While many EV start-up companies exist, we see further concentration of the global EV market in the hands of entrenched carmakers plus Tesla Inc.
