EV Sales Surged 109% Globally In 2021 With Tesla Firmly On Top

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Global demand for electric vehicles (“EVs”) is on the rise. Despite car makers dealing with chip shortages and supply chain disruptions, 2021 sales rose by 109% in comparison to the previous year. In a report released last week by marketing firm Canalys, about 6.5 million battery electric and hybrid vehicles were sold, with Tesla TSLA accounting for 14% of the market share.

According to the report, the global car market expanded by 4% last year with EV sales accounting for 9% of total passenger car sales. Most electric cars, about 85%, were sold in Europe…

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This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.