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The electric vehicle sales surge

The electric vehicle sales surge

Ben Geman of Axios reports on the electric vehicle sales surge.

The C3 Take
  • Electric vehicles are beginning to be sold at a higher pace than internal combustion cars.
  • This surge is due in part to market forces as demand for EVs has been met by an increased supply from manufacturers such as GM, Ford, and Tesla.
  • If the United States wants to increase its electric vehicle fleet we must establish a secure rare earth mineral supply chain that is not dependent on China.

“Over 181,000 fully electric vehicles were sold worldwide in February, which is up 138% compared to February 2020, per Morgan Stanley and data partner EV-Volumes. And January’s numbers were even higher.”

Read the full article here.

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