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Sep 25, 2020 (NetworkNewsWire via COMTEX) —
For the past few years, China has had the largest electric vehicle (“EV”) market on the globe. Although the electric vehicle market is still growing, China has consistently managed to bag a large percentage of it, at least until recently. According to a new report from Bloomberg, the European electric vehicle sales have finally surpassed the Chinese market for the first time since 2015. The European EV market kept growing due to Europe’s automotive CO2 regulations as well as new model launches from automakers, despite the coronavirus pandemic.
Bloomberg reports that around 380,000 electric vehicles were sold in the first six months over the 16 main European markets. Over the first eight months of 2020, people across Western Europe bought over half a million electric cars, according to the European Electric Car Report industry…
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COMTEX_371866353/2557/2020-09-25T14:19:33
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The MarketWatch News Department was not involved in the creation of this content.