Electric vehicle ownership has reached a “tipping point” that signals an irreversible shift away from petrol cars, not only in China but parts of south-east Asia and Europe despite stalling in the US, expert research finds.
EVs accounted for a quarter of new car sales globally in 2025 and the pace of growth has continued into the first quarter of 2026.
While Chinese domestic sales fell in the first quarter of 2026 as rebates expired, the rise of Chinese exports elsewhere continued and demand in populous countries such as South Korea and Brazil also surged.
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