The rise of electric vehicles has brought about a new era in the automotive industry, with prices becoming increasingly competitive.
In recent years, the gap between electric and internal combustion engine vehicles has narrowed significantly.
As a result, many markets around the world have started to see more accessible electric vehicles.
The impact of this shift is being felt across various countries, with some seeing a dramatic change in the market landscape.
One such country is home to the author, who has witnessed firsthand the transformation in the local EV market.
The story begins in 2019, when an article highlighted the Osborne effect and its implications for the auto industry.
This phenomenon led to increased competition and innovation in the EV sector, ultimately driving prices down.
Today, some countries have reached price parity between electric and internal combustion engine vehicles.
As a result, consumers are now faced with more affordable options, which is expected to drive growth in the market.
The shift towards electric vehicles marks a significant change in the industry's dynamics.
