spglobal.com
For the electric vehicle sector, 2023 saw waning consumer preferences for EVs, several promising startups fall by the wayside, a decline in battery materials costs, and ambitious OEMs and suppliers from mainland China turning their focus to exports of vehicles as well as components. S&P Global Mobility’s forecast for 2024 is one of cautious optimism – with an increase in affordable EVs, reliable vehicle-charging ecosystems, and profitable returns.
about 2 years ago