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Europe’s EV Sector Will Likely Triple by 2021

Late last year, we reported how Europe manifested a 42-percent sales increase for the EV segment. Now, recent data indicates that the region’s EV market will triple within the next three years.

Positive signs of growth

The European Federation for Transport and Environment (T&E) recently analyzed data from IHS Markit. Their findings indicate that the automakers are ready to commit to producing electric vehicles for the European market.

According to the data, automakers will offer European consumers 214 EVs as early as 2021. That’s a drastic surplus of electric models, considering that just 60 EV models were available at the end of last year.

W Resources Plc (LON:WRES) engages in the exploration and development of tungsten, tin, copper, and gold properties.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.