Global vehicle electrification is finally shifting into a higher gear thanks to the convergence of several trends, including technology improvements, more accepting consumers, big brand bets, and increasingly supportive regulation.
Over the past decade or so, rising pollution levels and the need to reduce dependence on imported fuel have led governments around the world to adopt a migration from fossil fuel-based vehicles to functioning vehicles with electric motors. This fundamental evolution in mobility is unfolding in different ways around the world, as detailed in this study.
