The Extraordinary Rise of Electric Cars in Developing Countries
Colin McKerracher, head of transport for BloombergNEF, joins Zero to discuss the latest global trends in electric-vehicle sales.
VinFast Auto Ltd. VF 6 electric vehicles roll off an assembly line at a factory in Thoothukudi, Tamil Nadu, India.
Photographer: Dhiraj Singh/BloombergSomething remarkable is unfolding in developing countries. From Nepal to Costa Rica, more people are buying electric cars than fossil-fuel vehicles, as battery prices plummet and cheap home-grown EVs come to market. And in China, more electric cars will be sold in the last quarter of this year than the total number of all cars sold in the US. Colin McKerracher, head of transport at BNEF, joins Akshat Rathi on Zero to unpack these trends, and what they mean for global oil demand.
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