Its what a new report predicts and Tesla will be leading the global push.
"There's pent-up demand for electric vehicles," said Sam Jaffe, managing director of Cairn Energy Research Advisors. "We will see a combination of factors make 2021 an inflection point for the sale of electric vehicles."
- Production of electric vehicles is estimated to climb to at least 1.3 million and could reach 1.5 million depending on market conditions this year.
- Wedbush analyst Dan Ives raised his price target for Tesla from $600 to $800.