New Delhi, Jan. 29 -- One in every two cars will be an electric vehicle by 2035, with fastest growth expected from India, Latin America, Japan, and Southeast Asia, as per a report from Counterpoint Technology Market Research.

Counterpoint Research is a global research firm specializing in products in the technology, media and telecom industry.

The automobile industry, particularly the EV segment, is at an inflection point with its adoption increasingly rising by the day.

While the overall passenger vehicle market struggled in 2024, the EV segment told a different story - thanks to booming demand. Global passenger vehicle (PV) sales in 2024 remained stagnant, growing by just 1 per cent year-on-year, according to Counterpoint Research's ...