Morgan Stanley's analysts highlight that the slowdown in electric vehicle sales will persist for 12-18 months before a resurgence begins around 2027, driven by strategic partnerships.
Despite the slowdown in growth, Morgan Stanley notes that global sales of electric vehicles are still increasing, hinting that the market overall is not declining but merely adjusting.
The forecast indicates that EV sales will grow from 14% to 17% of the global vehicle market by 2026, but analysts revised long-term projections downwards for growth.
Big automakers are advised to collaborate with EV manufacturers and Chinese producers to accelerate electric vehicle adoption as consumer demand remains inconsistent.
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