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The Global Electric Surge: How China’s EV Craze is Reshaping the Auto Industry

The Global Electric Surge: How China’s EV Craze is Reshaping the Auto Industry

March 12, 2025
Global electric vehicle (EV) sales soared to 1.2 million units in February, a 50% year-on-year increase. China led this growth with a 76% rise in EV sales, significantly influencing the global automotive industry. BYD, a Chinese automaker, surpassed Tesla in 2023 as the largest manufacturer of fully battery-powered EVs. Despite tariffs from Europe, the US, and Canada, China’s EV exports,

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