The worldwide automotive market was rocked final 12 months because of the results of the Covid-19 pandemic. Manufacturing fell by greater than 15 p.c, whereas gross sales have been down by greater than 8 p.c from 2019. Nonetheless, there’s loads of optimism concerning 2021, with expectations of progress within the variety of world car gross sales.
Some 70 million models are set to be bought around the globe by the tip of the 12 months, with the development pushed by electrical automobiles, together with plug-in hybrid automobiles. In response to an article by S&P in Might, electrical automobiles made up 2.5 p.c of the worldwide…