Japanese Media: Middle East Situation Boosts Chinese EV Investments, Increasing Pressure on European and Japanese Automakers
Japan's automotive media outlet Response Japan published an article on May 21st stating that according to the International Energy Agency (IEA), the share of electric vehicles (EVs) in global car sales is expected to rise from last year’s 25% to approximately 30% by 2026.
Notably, 60% of this growth will be supplied by Chinese manufacturers, significantly increasing pressure on Western and Japanese automakers.
The report states that last year, sales of new energy vehicles—including plug-in hybrid electric vehicles (PHEVs)—exceeded 20 million units, marking a 20% increase year-on-year and accounting for one-quarter of all new car sales. Sales of new energy vehicles reached record highs in nearly 100 countries worldwide, with EVs making up over 10% of vehicle sales in around 40 countries.
This year, due to soaring fuel prices triggered by the Iran conflict, the trend toward "de-gasification" has become more pronounced. It is projected that new energy vehicle sales will grow by about 10% compared to last year’s increase, reaching 23 million units.
The IEA analysis notes, “The current global energy crisis is providing further momentum for the new energy vehicle market.” The IEA forecasts that by 2035, electric vehicles will account for 50% of global new car sales.
Original Article: toutiao.com/article/1865762235880448/
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