This picture taken on October 5, 2023 shows a driver charging a VinFast electric car at a charging station in Hanoi.
Lower profit margins, volatile prices for battery raw materials, high inflation, and the end of subsidy programmes for EV purchases in some countries had fuelled concern about the sector’s growth. In the first quarter of 2024, electric car sales increased globally by another 25 percent compared with the same period in 2023.“Growth expectations for 2024 build on a record year,” the IEA said.
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