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These impressive figures are propelling global EV sales toward a potential record year. Analysts project a roughly 30% increase in electric vehicle sales worldwide compared to the previous year. Such growth underscores a clear and accelerating trend: the march toward electrification is becoming unstoppable.

The Impact on the Global Automotive Industry

China's push toward EVs is having profound implications for the entire automotive ecosystem. With nearly 40% of the world's car sales happening in China, developments there ripple across the global market. The dominance of Chinese EV brands is evident, overshadowing traditional legacy automakers that once held sway.