One in two cars will be electric by 2035, India among countries to lead: Counterpoint

By 2035, every second car will be electric, driven by growth in regions like India, Latin America, Japan, and Southeast Asia. In 2024, global EV sales surged by 22%, despite stagnation in the overall passenger vehicle market. China will lead with 60% BEV penetration. The U.S. and Europe are expected to impose restrictions on Chinese EV manufacturers.