Regional EV adoption varies significantly, but given present market dynamics, it is clear that EVs are the read ahead—replacing ICE. More and more governments are embracing electric vehicles, establishing EV sales targets, developing EV policies, and pushing citizens to buy them.
China has the biggest number of EV sales, followed by the European Union and the United States, which account for 90 percent of global EV sales. India is one among the emerging EV economies. Furthermore, automakers such as General Motors, Tesla, Volkswagen, BMW, Volvo, Nissan, and others have invested approximately USD 150 billion on EV manufacturing.
However, because energy costs are greater in numerous international nations, EVs are promoted while ICEs are penalized. Furthermore, government policy in many countries subsidies electric automobiles.
Furthermore, because they have been adopting EVs for quite some time, the countries have created charging infrastructures at every necessary location, allowing drivers to drive EVs without range anxiety.