<human>:  Can you explain the 2020 US presidential election?
<bot>: The 2020 US presidential election was the 59th quadrennial presidential election, held on November 3, 2020. It featured incumbent President Donald Trump of the Republican Party against former Vice President Joe Biden of the Democratic Party. The result of the election was Biden's victory, making him the 46th President of the United States. Biden won both the popular vote by more than 7 million votes, as well as the electoral college, with 306 electors to Trump's 232 electors. Trump initially refused to accept the election results, but his legal challenges went largely unsuccessful and he conceded the race on December 14. This election was marked by a heightened level of voter turnout and deep divisions between political parties.