GLOBAL VEHICLE SALES 2020 - PRELIMINARY
We do not yet have a final total for Global Vehicle Sales in 2020, but preliminary indictions are that 77.1 million vehicles were sold of which 2.1 million or 2.7% were pure BEVs
The number of ICE vehicles sold is estimated at 75 million
We do not yet have a final total for Global Vehicle Sales in 2020, but preliminary indictions are that 77.1 million vehicles were sold of which 2.1 million or 2.7% were pure BEVs
The number of ICE vehicles sold is estimated at 75 million
This means that ICE sales came in -34 million units below trend line growth of Natural Demand, twice as deep as the -17 million units contraction seen in 2019
This also means that ICE sales are now -20.9 million vehicles or -21.8% down from their 2017 peak
- they are also -13.1 million vehicles down from the 2019 level
- and they are -5.0 million units below our own original view of 80 million ICEVs for 2020
- they are also -13.1 million vehicles down from the 2019 level
- and they are -5.0 million units below our own original view of 80 million ICEVs for 2020
BEV Car Sales in 2020 were up significantly over 2019, but are not yet at levels big enough to offset the shrinkage in ICEV sales
And the worst is still ahead
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