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Impact on EV sales due to COVID-19

COVID-19 turned the world around on its head – there has been a major health risk, a shake in the world economy, a hike in unemployment and several other issues. In the electric vehicle world, the pandemic had a different impact – there was an increase in the sales of EV’s.

In today’s world of social distancing and self-service, EV’s were the most preferred choice for many consumers. The dependence on e-commerce solutions and avoiding gas stations coupled with a sustainable approach added immensely to the purchase of electric vehicles. 94% of global EV sales is represented by China, Europe and the USA which saw positive momentum in 2020. In Europe, 5,000 – 6,000 e-bikes and scooters were seen on the roads everyday.

On the other hand, the apprehension towards public transport and lack of private vehicles pushed consumers to depend on e-commerce delivery options. This resulted in several companies choosing electric vehicles for transportation facilities due to a lower cost of ownership. Similarly, there has been an improvement in battery range and a decrease in battery costs for electric vehicles.

Through the pandemic and moving forward, Howddy has pledged to take care of all your delivery needs. We cover end to end transportation solutions for all logistic companies. This year, make the switch to electric mobility with us!

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