The coming decades will see zero-emission electric cars replace the petrol- and diesel-powered vehicles that have been a staple on our roads for a century. The electric vehicle (“EV”) industry is still quite new, however, and only a few countries have seen a lot of citizens adopt electric vehicles. China is still the largest EV market in the world, and certain regions in the United States. such as California, have seen EVs achieve 20% market share. Europe, however, takes the cake when it comes to electric vehicle purchases.
Switzerland’s electric vehicle sector has boomed over the past year, with EVs reaching close to 40% of the vehicle market. Electric vehicle sales have been steadily increasing since 2020, which was a boon year for the EV industry despite the coronavirus pandemic and the resultant financial crisis. By the end of May 2020, 7,657 new electric cars had been registered in Switzerland, with the Tesla Model 3 and Renault Zoe being the most popular brands. Currently, hybrids consist of 20.6% of the EV market, battery electric vehicles (“BEVs”) make up 9.9%, and plug-in hybrids (“PHEVs”) make up 8.3%, with the most popular EV brands…
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