U.S. Electric Vehicle market set to achieve record sales in 2021 - Edmunds

• According to Edmunds, EV sales were 1.9% of total retail sales in the U.S. in 2020 and expect to grow to 2.5% in 2021.
• Edmunds analysts expects 30 EVs from 21 brands should be available for sale this year vs. 17 vehicles from 12 brands in 2020.
• As per Google Trends data, consumer searches for electric trucks and SUVs have recently hit a high point after trending upward for years.
• EV sales in USA +4% Y/Y in 2020 outperformed the auto-market -15 % Y/Y, mostly from the introduction of the Model-Y. Tesla extended its sector domination, with 62 % of all Plug-in Vehicle sales and 79 % of all BEV sales in the US coming from Tesla.
• "After years of speculation and empty promises, 2021 is actually shaping up to be a pivotal year for growth in the EV sector," said Jessica Caldwell, Edmunds' executive director of insights. "We're not only about to see a massive leap in the number of EVs available in the market; we're also going to see a more diverse lineup of electric vehicles that better reflect current consumer preferences. And given that the new presidential administration has pledged its support for electrification, the U.S. is likely to see incentive programs targeted at fostering the growth of this technology further."
• Sector watch: Nio (NYSE:NIO), Great Wall Motor (OTCPK:GWLLF), (OTCPK:GWLLY), Kandi Technologies (NASDAQ:KNDI), Geely Automobile (OTCPK:GELYF), Volkswagen (OTCPK:VWAGY), Daimler (OTCPK:DDAIF), Ford (NYSE:F), Guangzhou Automobile Group (OTCPK:GNZUF), Toyota (NYSE:TM), Nissan (OTCPK:NSANY), Honda (NYSE:HMC), Tesla (NASDAQ:TSLA), General Motors (NYSE:GM), BAIC Motor (OTC:BCCMY), Li Auto (NASDAQ:LI), XPeng (NYSE:XPEV), state-owned SAIC Motor, Dongfeng Motor (OTCPK:DNFGY), KIA (OTCPK:KIMTF), Nissan (OTCPK:NSANY), Volvo (OTCPK:VOLVY) and Hyundai (OTCPK:HYMLF).