EV Transition Reaches Tipping Point In China And Europe

(MENAFN- Investor Brand Network) Electric vehicle sales in China as well as Europe have crossed a critical threshold that researchers say has initiated an irrevocable transition away from internal combustion engine vehicles to EVs. Analysis of global sales data from 2016 through 2023 shows electric vehicle adoption ramping up exponentially in 32 nations, with the worldwide fleet doubling every 18 months.

As the EV transition crosses the tipping point, many famous brands like Ferrari N.V. (NYSE: RACE) will be looking to claim a sizeable share of the...

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