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On January 27th, data from IDC indicates that global sales of pure electric vehicles are projected to exceed 12.1 million units by 2025, sustaining double-digit annual growth. The affordability of economic electric vehicles has played a pivotal role in driving this sales surge. Historically, the electrification trend initially gained momentum in the high-end market, subsequently spreading to the mid-range segment. Nowadays, with declining battery costs and enhanced charging infrastructure, the entry-level market has emerged as a fresh growth driver. IDC's analysis highlights that cutting-edge technologies typically debut in the high-end market before gradually permeating the broader consumer market. The global automotive electrification landscape is adhering to this very trajectory.
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