EV success depends on OEM and government commitment

Global spending on electric vehicles (EVs) exceeded US$425bn in 2022, up 50% on the previous year, according to the International Energy Agency. The IEA anticipates the sale of 14 million EVs during 2023, a 35% year-on-year increase. But growth varies considerably by region, and as electrification gathers momentum, some nations are displaying clear leadership.