China and Europe, buckle your seatbelts. Electric cars are running away with the global new car market, capturing around 10% market share. Remarkably, the electric vehicle segment continues to grow (in both number sold and market share) while the broader car market suffers from economic dysfunction and supply chain disruptions.

While Tesla electric cars still hold the lead, other brands like Hyundai, Honda, and Volkswagen are catching up.

Remarkably, fully electric cars accounted for one in five new cars sold in China.

The United States is emerging as an EV manufacturing powerhouse thanks to Ford, Honda, and Hyundai facilities in Georgia, Tennessee, and Ohio.

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