Global EV Sales Subside into a Cautious Growth Phase, 22.7 Million Units Forecasted
While a forecast of 22.7 million vehicles still represents an increase from previous years, it signals a modest 5% year-on-year growth compared to the massive 20% gain seen previously. As governments scale back direct consumer subsidies and trade tensions alter export strategies, automakers are adjusting to a new market reality shaped by policy shifts and…