The EV Market Has Become K-Shaped: China Rises, the U.S. Falls Behind

Colleagues, I’d like to share an update from the EV sector: the IEA reports record sales—over 20 million last year; EVs now account for 25% of the market.

— In China nearly 55% of new cars are electric; affordability and exports of Chinese brands are driving growth across Asia, Latin America and Europe.
— Latin America saw a 75% surge; in the US EV share stalls at about 10% due to political choices and restrictions on Chinese brands.
— Startups and legacy manufacturers lacking a clear EV strategy risk losing global market share.

Why it matters: this global realignment is rewriting competitive rules.

How do you assess US companies’ chances to regain momentum?

#electricvehicles #transport #China #IEA