Bahamas ranked 4th highest on list of 27
“We support a further investment by the government of gradually changing its fleet to EVs”
NASSAU, BAHAMAS — Germany has seen the world’s fastest growth in electric car sales of all major economies during the pandemic, shows a study of electric car sales worldwide by UHY, the international accountancy network.
According to the study, electric car sales in Germany more than trebled to 194,000 cars in 2020 and up from just 63,000 in 2019.
The 207 percent growth in electric car sales in Germany last year puts it first out of 27 countries in UHY’s study.
This was marginally ahead of Italy, which saw a rise of 204 percent, from 11,000 units sold in 2019 to 32,000 in 2020.
The UK was in third place, with a sales increase of 186 percent in 2020; and The Bahamas showed a 133 percent increase.
The average sales growth of EVs globally in 2020 was 36 percent.
Worldwide growth in sales of electric cars has outpaced global car sales — including petrol and diesel, which fell by approximately 15 percent to 64 million in 2020, down from 75 million in 2019.
Less than a fifth or 19 percent of countries in UHY’s study saw sales of electric cars fall during the first year of lockdown.
UHY said Germany has begun a program of heavy investment in electric vehicle (EV) charging infrastructure, and the country also has generous tax breaks and incentives for purchases of electric cars and charging points.
In The Bahamas, the Bahamas Development Bank offers finance for commercial vehicles on favorable terms as attractive as no money down.
Dennis Petri, Chair of UHY, commented: “The electric car revolution has picked up a lot of speed worldwide in the past year, despite the effects of the pandemic.
“Germany is a country with a long history of automotive innovation, and it looks like it will again be part of the vanguard in making electric cars a part of everyday life.
“Many governments around the world have helped to drive the electric vehicle transition through providing subsidies for consumers who purchase EVs. Along with investing in the public charging infrastructure necessary to support electric cars, this is the biggest step governments can take to accelerate a large-scale switch to EVs.”
John Bain, the Managing Partner at UHY Bain & Associates, added: “EVs have shown a significant year-over-year sales growth in The Bahamas. We support a further investment by the government of gradually changing its fleet to EVs that will lead to long-term savings over the life of the vehicle, as well as a reduction in the carbon footprint.”
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