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Issues and Foresight
Economic outlook 22 February 2021

A global car market on a roller coaster

In a global car market in steep decline (-14%), sales of electric vehicles increased last year by +36%. Given the latest commitments made by car manufacturers and governments to develop electric vehicles, 2020 was a pivotal year heralding the beginning of a major change in the global vehicle fleet. Any return to “the old days” or status quo now seems totally unimaginable.