Since then, the industry has been dominated by the internal combustion engine (ICE). Today, ICE vehicles make up roughly 90% of all cars sold. But the remaining 10%, comprised chiefly of electric vehicles (EVs), is the cause of change. As recently as 2019, EVs represented only 2.5% of global car sales; three years later, that number almost quadrupled to 9%, with no signs of slowing down. Quite the opposite. Government pressure, consumer preferences, and corporate and environmental sustainability concerns have spiked interest in EVs.
