Part 7/8:
Globally, electric vehicle sales are witnessing exponential growth, particularly in China, where a staggering 82% increase in sales was recorded. The Chinese market now represents around 70% of all EV sales worldwide, signaling a shift in manufacturing capabilities and consumer preferences toward electric mobility.
In contrast, Western automotive industries may face competitive pressures as the demand for electric vehicles mounts. As the popularization of EVs continues, the implications for fuel-based vehicle markets may become dire, with major manufacturers needing to adapt or risk falling behind.