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Environmental concerns also took center stage in 2019, with the impacts of climate change becoming harder to ignore. This year saw millions around the globe participating in climate strikes led by youth activists such as Greta Thunberg. The urgency of climate action was palpable, and discussions surrounding sustainability reached new heights. Reports indicated a staggering increase in public awareness and involvement—a percentage growth that metaphorically echoed our 235%. The youth of 2019 demanded that leaders not only acknowledge climate change but take substantial action. The global response to these demands illustrated a substantial shift in consciousness regarding environmental stewardship.
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China has become a powerhouse in the production of new Chinese EV models, which has had a global impact on the cost and availability of electric vehicles. Chinese automakers, such as BYD and Li Auto, have leveraged government support and economies of scale to produce new energy cars at competitive prices. These vehicles often come equipped with advanced EV power solutions at a fraction of the cost of their Western counterparts. As more new Chinese EV models enter the global market, the competition will drive down prices further, making electric cars more accessible to a broader audience.