Part 7/8:
As global EV sales are projected to rise significantly in the coming years, Japanese automakers find themselves at a crossroads. They must innovate or risk being left behind in a rapidly evolving automotive industry.
The Future of Japan's Automotive Market
The immediate future does not paint a rosy picture for Japan’s electric vehicle market. Experts predict that while EV sales could rebound globally, Japanese companies face an uphill battle. With a lack of compelling electric vehicle options on the horizon and prevailing price issues, it is unclear how they will reclaim lost market share.