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Mercedes CEO Says Brand Sticking With China for the Long Haul

The Truth About Cars

Both markets remain extremely important, though China seems to be the one poised for the most growth in the years to come.& brands like General Motors also have a lot riding on relations remaining copesthetic with China. During the corona years, the wealthier Chinese in particular made extraordinary savings," Kallenius said.

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Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional

Baua Electric

These trends indicate that growth remains robust as electric car markets mature. While sales of electric cars are increasing globally, they remain significantly concentrated in just a few major markets. However, sales remain limited elsewhere, even in countries with developed car markets such as Japan and India.