Focus of electrification will shift from China to Europe in 2020, report says

The rush to electrify transportation will shift to Europe from China in 2020 as automakers and governments work to cut carbon emissions that lead to global warming, according to a forecast from BloombergNEF, Bloomberg LP’s primary research service on energy transition.

In the report, “EVs and New Mobility: Trends to Watch in 2020,” BNEF analysts estimate that global car companies will sell about 2.5 million electric vehicles this year, 20 percent more than in 2019.