The advancement of technology has boosted every industry including the automotive sector. As global attention turned to the problems caused by climate change, the automotive industry along with factories was held responsible leading to the replacement of conventional engines with electric ones. Globally, companies related to the automotive industry have committed to completely phasing out conventional engines within the next five years targeting 2030.

Some countries are working so rapidly against environmental pollution that no gasoline-powered cars remain. Norway leads the way, having converted all transportation to electric models nationwide. To support these advanced electric cars over 5600 charging stations have been built throughout the country significantly more than the 700 stations in New Mexico. According to a report, Norway now has over 754,000 electric vehicles and you’ll be surprised to know that boats and ferries have also been converted to electric, resulting in reduced environmental pollution.

In Asia, China and Japan lead in every industry. Last year, China produced 8.91 million electric cars, a 22% increase and this number is expected to rise to nearly 10 million next year. Similarly, Japan manufactures 11.92 million electric cars annually, 22% more than the previous year.

Four major Japanese companies—Toyota, Honda, Nissan, and Mitsubishi—contribute to the global automobile industry. Japan exports over 5.27 million cars worldwide each year, playing a significant role in the national economy. In comparison, China exports five million cars annually with Russia and Mexico being the largest buyers.

According to a 2022 report, Japan, China, France, the United States, Germany, India, South Korea, and the United Kingdom are major markets in the auto sector, exporting millions of cars globally each year. Among these India stands out as a country that has succeeded in every industry. Half a century ago, India was not on the list of car-producing or exporting countries, but with focused government support and investment. India has not only entered the automotive industry but also surpassed major countries like Japan in growth.

A 2022 report states that India produced 5.5 million cars annually, a number that increased to 5.9 million in 2023. Major companies like Mahindra, Tata Motors, Ashok Leyland, and Force Motors have established themselves in the Indian car market. Many international car manufacturers also export millions of vehicles each year from their manufacturing units in India playing a crucial role in the country’s economy.