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Germany overtook the US and is the world’s second largest market for electric cars

Germany saw last year a boom in sales of electric and hybrid cars, which analysts say is partly due to subsidies of up to 9,000 euros granted by the government, DPA reports.

Sales of electric and hybrid cars in Germany increased by 264% annually, to 395,000 units.

China remains the largest market for electric and hybrid cars, with 1.25 million units registered in 2020, or a third of the 3.18 million units sold last year in the world.

But, last year, the Chinese electric car market grew by only 3% while the global market grew by 38%.

Europe, including the European Union, the United Kingdom, Norway, Iceland and Switzerland, saw a 134% increase in electric and hybrid car registrations to 1.37 million units.

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