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Story summary
- EV adoption has surpassed 10% of car sales in 39 countries, up from four in 2019.
- China’s exports reached 8.32 million vehicles in 2025, with EVs comprising 2.32 million.
- Crude oil prices rose above $100 per barrel due to Strait of Hormuz tensions, boosting EV competitiveness.
- Chinese automakers have overtaken Japanese brands in global sales, aided by growing market share and integrated supply chains.
