In a global trend, electric vehicles (EVs) are steadily gaining traction in the worldwide automobile market, with significant growth realised in Asia-ASEAN countries, specifically Thailand and Indonesia. This comes as per a study undertaken by the BloombergNEF research agency.
Ideally placed at the forefront of Asia-Pacific transportation, Senior Analyst of BloombergNEF, Allen Tom Abraham, projected a sharp increase in the global new passenger sales share, from 14% in 2022 to an astounding 30% by 2026.
This surging demand for EVs can be witnessed in a myriad of countries worldwide, with China and Europe standing as dominant figures in the market. Reportedly, EVs rule China’s automobile market with an impressive 52% share, while Europe follows closely, laying claim to 42% of the total car sales.
Several countries across Europe have exhibited substantial…
