CHART: The Battle for Dominance in the Global Electric Vehicle Market

Emmanuel Oyedeji -

As the electric vehicle (EV) market continues to surge forward, the landscape is marked by significant shifts and an electrifying battle for dominance.

A look at the "global scape" in 2023 shows EV sales surging to 13.03 million units, reflecting a robust growth rate of 29.8%. Although impressive, this growth marks a notable deceleration from the staggering 54.2% surge seen in 2022.