The global market for electric vehicles  (EVs) is growing much faster than expected. In just six years, sales have increased tenfold, with around 21 million electric cars sold worldwide in 2025.  China  and Europe are leading the charge, but the market is growing rapidly in other parts of the world, too.  China has long been investing in solar  and wind  energy, as well as battery technology — the most critical component in electric vehicles.  Thanks to advanced research and mass production,