Electric Vehicles
🚘 Internal combustion engine car sales peaked in 2017
Global auto sales rebound, but internal combustion engine (ICE) vehicles may never return to pre-pandemic levels. Electric vehicle adoption is accelerating in China, Europe, and the US, indicating a significant shift toward a sustainable future.
💰 Electric vehicles surpass $1 trillion in global sales
Annual spending on passenger EVs surged by 53%, reaching $388 billion in 2022. In total EVs for more than one trillion dollars have been sold.