China Leads Global Electric Vehicle Boom, Accounting for 60% of Sales
• China accounts for nearly 60% of global EV sales • New EV sales in China grew 82% in 2022 • China provided 35% of global EV exports • Early EV adopters like US, Norway lagged in mass adoption compared to China • 3 reasons for China's EV growth experimenting in adjacent industries, encouraging operational solutions, doubling down on core technology