The Osborne Effect: Why new car sales will be all electric in six years | The Driven

Sales of internal combustion engine cars have been falling consistently and every month since the end of 2017. That is, car sales appear to have peaked in 2017. In, 2018 new car sales globally were lower than 2017, and in 2019 it was lower than 2018. (June 2020 is the first rise in that whole time, off the back of COVID19 lows in April and May.

Meanwhile, EV sales are still growing at a rapid rate – despite Covid-19 – and will overtake hybrid sales this year. And those customers looking for electric vehicles are simply not looking for hybrid solutions, which explains why plug-in hybrids haven’t been more popular.

The Osborne Effect: Why new car sales will be all electric in six years | The Driven