As adoption hits a plateau, ultra-fast charging is emerging as the preferred option for consumers, while battery swapping is carving out a profitable commercial niche

China saw a milestone in its transition toward electrified mobility in May, with almost 63 out of every 100 passenger cars sold in the country being new energy vehicles.

Electric cars are getting cheaper, more efficient and can travel farther than ever. China is driving the transition, but Europe and other countries are catching up fast.