Trump’s misfire: The electric car takeover is now unstoppable
The electric vehicle market is rapidly evolving, with significant growth observed globally. The International Energy Agency reports that electric vehicles are becoming increasingly affordable, particularly in China. This shift is indicative of a broader transition away from traditional petrol and diesel cars, influenced by geopolitical factors and changing consumer preferences.
- ▪The world market for electric vehicles is entering a critical phase of rapid disruption.
- ▪In China, 70 percent of battery electric vehicles sold in 2025 were cheaper than traditional cars.
- ▪Sales of electric vehicles surpassed 63 percent of the overall car market in Singapore last year.
Opening excerpt (first ~120 words) tap to expand
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Sydney Morning Herald.