Listen to this articleAn AI-generated image shows an electric vehicle charging at a charging outlet. China is projected to account for 61% of the global EV total. Battery electric vehicles (BEVs) are forecast to continue to account for well over half of all EVs, but there is an increasing proportion of customers choosing PHEVs. Meanwhile, demand in the United States has decreased as the government has introduced tariffs on vehicle imports and removed subsidies and incentives for purchasing EVs. Leading EV manufacturers, including BYD, have refocused their offerings on selling PHEV models because of clear demand in many markets.

Source: Bangkok Post January 06, 2026 00:26 UTC