Tesla

55% Growth In Italy’s Electric Vehicle Market Year Over Year

The worst is over for global car sales, following the coronavirus black swan that has put an indelible mark on 2020. With every nation slowly enacting new phases of reopening, the car industry can breath a sigh of relief, as car sales everywhere pick up momentum after an awful few weeks at near-zero. Fast in bouncing back is Italy’s market, which – although still about 50% down year-on-year – is way up from the April lows that saw it crater by 97.5% from the same month last year. So does this mean we’re back to business as usual? Not quite.