Automakers Reevaluate Electrification Strategies Amid Shifting Industry Dynamics
The Rise of Electric Vehicles As governments around the world set ambitious targets to reduce greenhouse gas emissions, regulatory pressures have become a key driver of the electric vehicle (EV) revolution. In 2019, the European Union proposed a ban on new gasoline and diesel car sales by 2035, while China aimed to have 50% of its new car sales be electrified by 2025. **Government Policies** Emissions standards, tax credits, and other incentives have played a crucial role in driving EV adoption....