Part 3/7:
The S-Curve of Adoption
Experts observing the current trajectory note that the growth of electric vehicle adoption in China appears to resemble an S-curve, a term often used to describe technology adoption. We are currently reaching a phase where demand is skyrocketing. Comparing it to the rapid transition from older mobile technologies to smartphones, the automotive landscape is transforming at a remarkable pace. Today, China's streets are increasingly populated with electric scooters and electric cars, resulting in not just a shift in vehicle type but a broader change in urban environments.