The global electric vehicle (EV) industry is undergoing a period of rapid transformation, heavily influenced by geopolitical developments that are reshaping production, trade, and market strategies.
As the global community intensifies its efforts to transition to sustainable energy, two key technologies have emerged as frontrunners in the race to replace fossil fuels in transportation: electric vehicles (EVs) and hydrogen-powered vehicles (fuel cell electric vehicles or FCEVs).
The evolution of electric vehicles (EVs) has brought cleaner, emissions-free driving into the mainstream. Yet, the next frontier for EVs extends far beyond the reduction of tailpipe emissions.