Part 9/12:
Beyond Tesla’s autonomous driving ambitions, the global automotive industry is experiencing a seismic shift toward electric vehicles (EVs). Recent data indicates a staggering 48% increase in EV sales worldwide in the current year, excluding China, Europe, and North America. When including these regions, the growth rate is still impressive at approximately 23–30%.
Chinese automakers are leading the charge, leveraging manufacturing efficiencies and technological advancements. Their EVs are often cheaper and arguably more innovative, posing stiff competition to traditional legacy automakers.