You wouldn't know it if you live in the USA or consume US media and politics, but the fight between EVs and ICEs is basically over. Internal combustion is on it's way out. First it'll look slow, then fast. Fleet turnover will lag sales. But ALL the growth globally is in EVs. If your company isn't competitive in building EVs and can only build internal combustion, you're going to be stuck serving an ever-smaller share of a shrinking global market over the next decade...
New IEA data: EV sales in emerging markets surge 80% in 2025
>India: EVs up 75% to record 2.3m EV units sold
>Indonesia: 125% increase
>Viet Nam: EVs hit staggering 40% share of new car sales
>Thailand: EV share of new sales hit 21%
>Latin America: Region saw 70% annual growth
>Mexico: Sales tripled
>Brazil: Sales up 40%
>Ecuador and Uruguay: Experienced massive jumps of 240% and 140%
The "EVs are only for rich countries and China" bullshit is officially over