1. Flat Sales in 2020 but Strong Growth Momentum in 2025
2. Strong Growth Potential in Europe Last Year
2.1 Europe Becomes World’s Largest Market Since Q120
2.2 Regulations and Preferential Policies to Push European New Energy Vehicle Sales to 4.9 Million in 2025
2.2.1 Carbon Emission Regulations Put Automotive Vendors and Assembly Companies under Great Pressure
2.2.2 EU Increases Purchase Subsidies to Boost Price Competitiveness
2.2.3 Ban on Diesel Cars Accelerates New Energy Vehicle Growth in Europe
2.2.4 New Energy Vehicle Sales in Europe to Reach 4.9 Million Units in 2025
3. Chinese New Energy Vehicle Sales Turn the Corner in 2020
3.1 China’s New Energy Vehicle Production and Sales in July Report Growth for the First Time
3.2 Tesla’s New Energy Vehicle Sales Grow against the Trend
3.3 Extension of Subsidy Scheme and Long-term Sales Target to Drive Chinese New Energy Vehicle Growth in 2025
3.3.1 New Dual Credit System Reduces Carbon Emissions while Promoting New Energy Vehicles
3.3.2 China Extends New Energy Vehicle Subsidy Scheme in Post-pandemic Era
3.3.3 New Energy Vehicle Sales Likely to Resume Strong Growth in 2021 and Meet 2025 Target
4. MIC Perspective
Appendix
List of Companies