2020, the EV inflection point – The year electric vehicles are making it to mainstream
2020 has been many things; in the mobility space we might remember 2020 as the year when electric vehicles reached the inflection point.
Plug-ins reached 10% new vehicle market share in Europe and at some point even outsold diesel cars. In the U.S., Tesla Model 3 has become a solid member of the top 5 best-selling cars.
What’s more, SPACs were a big thing for EV companies in 2020 and Tesla made it to the S&P500.
One can content that EVs reached an inflection point and are about to take off into mainstream market. Battery prices are falling below what used to be seen the magic number of 150 USD/kWh, so it seems this is real and EVs are here to stay.
I hope you like this EV 2020 in review and let me know what you found noteworthy.