The rise in EVs can be attributed to two main factors, first, a substantial global push by governments to achieve net zero emissions through various policy measures; and second, a nearly 90% decrease in battery costs over the past ten years, which has made EVs more affordable and, as a result, brought them closer to cost parity with internal combustion engines (ICE)
China stocks rally tested after stimulus-led gains: Markets wrap
Asian shares rose for the fifth consecutive day, driven by Beijing’s support measures. US stocks also hit new highs amid expectations of further rate cuts.