During the first quarter, it happened! An electric car tops the list of new cars in Europe.
During the first quarter of 2023, an electric car became the best-selling car for the first time. Tesla Model Y came in first, ahead of Volvo XC40 in second place.
Global auto sales rebound, but internal combustion engine (ICE) vehicles may never return to pre-pandemic levels. Electric vehicle adoption is accelerating in China, Europe, and the US, indicating a significant shift toward a sustainable future.
Annual spending on passenger EVs surged by 53%, reaching $388 billion in 2022. In total EVs for more than one trillion dollars have been sold.