Global electric vehicle (EV) sales have continued to balloon as expected, with major markets continuing to see sales rapidly increasing, approaching or exceeding 30% of new vehicle sales in most markets. With regards to the largest auto markets, China remains the frontrunner seeing 36.5% plugin EV sales in September. European countries including France, the UK, and Germany are all above 20% despite headwinds with France actively nearing 30% market penetration, threatening petrol’s dominance as the dominant passenger vehicle fuel. Meanwhile the US is still somewhat behind other major markets as it expects EVs to reach 7% passenger market penetration for this year. Major markets are still on track with our expectations to continue ramping up EV sales share for 2030…