Part 3/6:
Across the globe, the sales of electric vehicles are thriving. In February alone, EV sales in China skyrocketed to 650,000, nearly a 50% increase from the previous year. Sales also surged in Europe, led by a 20% increase in the EV market, with Germany seeing a 35% hike. North America enjoyed a 20% growth as well, with brands like Cadillac pledging that 35% of their sales will be electric this year.
In stark contrast, Tesla's sales in Australia have diminished, leading to action to regain competitiveness in the EV sector.