Takeaways:

  • BloombergNEG has recently announced that the tipping point for battery electric vehicles has been reached globally.
  • Carmakers such as Tesla, Volkswagen and BYD are expected to produce over 4 million battery electric vehicles in the next 12 months.
  • “The US is the latest country to pass what’s become a critical EV tipping point: 5% of new car sales powered only by electricity. This threshold signals the start of mass EV adoption,” said Bloomberg.

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