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In 50 Words: Thailand among 24 countries to reach EV adoption tipping point
The adoption of electric vehicles (EVs) is mirroring that of microwaves in the 1980s, according to a Bloomberg Green study. The tipping point is considered 5% of new vehicle sales, a mark that 24 countries have now crossed, signaling the start of mass adoption. The research suggests that EVs can jump from 5-25% of new sales in just four years, with countries including Thailand, Canada, Australia, Spain, and Hungary joining the likes of the US, China, and much of Western Europe.
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