But last year in China, the electronics maker Xiaomi launched its first electric car after just three years of development and delivered 135,000 vehicles. It has vowed to double that number in 2025.

Fiats is welcoming the Green Era of cars with open arms with a commitment to produce only electric-powered vehicles by 2030.

If it succeeds, this will redefine what’s possible in the green transition. Consider this: in 2024, fully electric cars accounted for a staggering 88.9% of all new vehicle sales in Norway.

Electric vehicles are caught up in the culture wars. Data from Ipsos shows the percentage of Americans who believe EVs are better for the environment than gas cars has dropped 5 points since 2022.