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Transition to EVs Will Lead to 'Fundamental Transformation' of Global Auto Industry, IMF Says
24 Oct 2024 | Abstracted from The Autopian
"...recent World Economic Outlook, the International Monetary Fund (IMF) has said the transition to electric vehicles will have 'far-reaching' effects on production, investment, global trade and employment.
"According to the IMF, transportation was responsible for 36 percent of U.S. greenhouse gas (GHG) emissions in 2022...Speeding up the global move toward EVs would change the industry, especially if China remains the export and production leader in front of European and U.S. rivals."
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