Governments worldwide are mandating the phase-out of new ICE vehicles by 2030–2040. Energy Security: Reducing dependence on imported oil.
(PDF) Overview of Electric and Hybrid Vehicles - ResearchGate Electric and Hybrid Cars
Traditional fossil-fuel vehicles are being phased out in favor of sustainable alternatives. As of 2026, global EV ownership has reached approximately , representing 30% year-over-year growth. This shift is propelled by: Governments worldwide are mandating the phase-out of new