EV Sales Surge Globally, China Takes the Lead
Consulting company PwC has published an analysis that shows an increase in global electric vehicle sales, with China leading the latest surge in EV sales. Renewed demand for BEVs in Europe has also contributed to the rise in EV sales across the world. China is the largest electric vehicle market and has an incredibly competitive EV sector dominated by dozens of companies. Unlike carmakers from the West, Chinese automakers have figured out how to develop electric cars at low cost, allowing them to sell EVs at significantly more affordable prices compared to Western-made electric cars, and hastening the adoption of…