The Chinese electric vehicle (EV) manufacturer BYD is positioned to secure the top spot in worldwide EV sales by 2025 according to recent projections. This popularity in EVs corresponds with a global push towards sustainable transportation in the face of climate change. Japan has seen a spike in interest, as consumers in the country continue to adopt green technologies.
In Japan, electric vehicles are perceived as elements of a sustainable future and fit within the country's clean energy goals. The government has aggressively encouraged the adoption of EVs through subsidies and regulations. The prediction that BYD could lead in global EV sales and the strong response of Japanese consumers are seen as positive signs of sustainable advancement in the transportation sector.
Similar to Japan, both the US and EU have policies encouraging the adoption of electric vehicles. Consumer interest in EVs is also on the rise in these areas, but infrastructure for charging is more developed in Japan, compared to the US and EU. This, combined with Japan's smaller size, makes owning an EV more feasible.