Over the past decade we have witnessed massive improvements in the motors that power electric vehicles, in their charging systems, and their design.
That has been steadily closing the cost gap with internal combustion engines, making electric vehicles more affordable for the middle-class consumer, and pushing more drivers to switch to environment-friendly cars.
Governments across the globe are racing to set new, ambitious targets for the electrification of their fleet as part of pledges to become carbon neutral.
There has been an increasing number of countries preparing to phase out the use of petrol and diesel vehicles pushing a major transformation in the auto industry as carmakers start to stake their future on electric cars.
Though electric vehicles still make for a small slice of the market (9% of new cars sold in 2021), their share more than doubled in just a year signaling that the era of electric cars may come sooner than you think.
In this webinar, the teams at ISI Emerging Markets and Insight Partners talk about trends and challenges the global automotive sector is facing with a special focus on electric vehicles, charging infrastructure network and government incentives.
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