Part 10/12:
The global EV market is experiencing a record-breaking year, with passenger EV sales projected to reach 14 million units, representing a 36% increase over 2022. The U.S. market alone is anticipated to grow 50% this year, challenging perceptions of slowing demand.
In the broader automotive industry, automakers like Stellantis are warning that cost pressures and the transition to electrification might lead to market exits for some brands by the end of the decade. Similarly, GM plans to release the new Chevy Bolt in 2025, aiming to regain competitiveness.