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European countries tended to have the highest ratio of electric cars per 1,000 inhabitants as of 2020, with Norway leading the ranking at around **. Norway dwarfed all other countries, including Iceland and other small markets. By contrast, large countries such as the United States and China had a ratio of *** and , respectively.

The electric vehicle market

The European Union aims to decrease its carbon emissions by ** percent by 2030 to reach climate neutrality by 2050. With the push for decarbonization by national governments, automakers are expected to be penalized if they fail to meet the limits that are being set out. Electric passenger cars are projected to represent more than ** percent of car sales worldwide in 2050. In 2019, around **** million battery-electric cars were sold worldwide. One of the barriers to the sale of electric cars, however, remains limited accessibility to charging infrastructure. As of 2020, China recorded the largest amount of fast charging points, dwarfing all other countries.

Leading manufacturers

In 2020, Tesla was the leading electric vehicle automaker, recording sales of just under ** plug-in electric vehicles, the majority of which were Model 3 units. Strong demand for Model 3 cars helped the company record over **** billion U.S. dollars in revenue that same year. Tesla also offers the vehicle with the longest range as of 2021, the Tesla Model S Long Range, which offers *** miles of autonomy. Its main competitor, Ford’s Mustang Mach-E, recorded a maximum range of *** miles.