“Europe is certainly the star of the show and is responsible for the overperformance of the battery electric vehicle [BEV] segment this year,” Bedwell said during a recent Fastmarkets webinar on how the electric vehicle markets will behave in the wake of the Covid-19 pandemic.
In the context of a fall in car demand so far in 2020, the BEV sector is holding up relatively well, Bedwell said.
Worldwide BEV sales from January to July 2020 were down by 15% to 780,000 units, compared with 910,000 units in the corresponding period in 2019, he said. But the overall car market globally was down by 26% over January-July, he added.
“That’s despite Covid-19 and the poor market conditions for BEV demand in China and the United States,” he said.
“The outperformance of BEV...