Part 7/10:
A key driver in strong adoption rates post-5% is the cycle of visibility. As EVs become more commonplace, more consumers see them daily, which diminishes skepticism and enhances desirability. Tesla, in particular, plays a dominant role in the U.S., accounting for a significant share of EV sales, alongside Chinese automakers dominating markets in Asia.
Meanwhile, infrastructure expansion—notably charging stations—is critical. While infrastructure development is robust in Europe and parts of China, the U.S. still faces hurdles, particularly in rural areas. However, industry insiders expect progress as automakers shift their investments and governments enact supportive policies.