Overview:
The global EV landscape is undergoing a significant realignment. China has reached near self-sufficiency in domestic EV demand and has even removed EVs from its next five-year plan, while the US has rolled back key incentives just as adoption was beginning to accelerate. Meanwhile, the European Union is facing mounting pressure from industry groups to postpone or revise the 2035 ICE ban, even as Norway moves steadily toward becoming the world’s first market to reach 100% EV sales.
This report provides a detailed assessment of regional EV adoption trends, the potential impact of shifting policies, and the projected EV market share by 2035.
