A yet-to-open showroom for Dongfeng Motor’s Voyah subsidiary in Shanghai. China is the world’s largest EV market, and is driving the electrification trend. Photo: Bloomberg A yet-to-open showroom for Dongfeng Motor’s Voyah subsidiary in Shanghai. China is the world’s largest EV market, and is driving the electrification trend. Photo: Bloomberg
A yet-to-open showroom for Dongfeng Motor’s Voyah subsidiary in Shanghai. China is the world’s largest EV market, and is driving the electrification trend. Photo: Bloomberg
Electric cars

EVs could make up 45 per cent of car market globally by 2040, Fitch says

  • An expected annual retirement rate of 7 per cent of conventional cars will boost EVs, ratings agency says
  • China and EU were ahead of the pack thanks to strong incentives aimed at reaching low carbon emissions goals

Topic |   Electric cars
A yet-to-open showroom for Dongfeng Motor’s Voyah subsidiary in Shanghai. China is the world’s largest EV market, and is driving the electrification trend. Photo: Bloomberg A yet-to-open showroom for Dongfeng Motor’s Voyah subsidiary in Shanghai. China is the world’s largest EV market, and is driving the electrification trend. Photo: Bloomberg
A yet-to-open showroom for Dongfeng Motor’s Voyah subsidiary in Shanghai. China is the world’s largest EV market, and is driving the electrification trend. Photo: Bloomberg
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