The global EV market is nearing a significant milestone: 20 million total vehicles, a huge leap from about 1 million units in 2016. This rate of growth is much quicker than experts expected—based on the latest sales data, the world is about a decade ahead of original estimates. China and Europe lead the pack in adoption, with the US a “distant” third.

To read the full article, written by Bloomberg’s Colin McKerracher, click here.