Chevrolet Silverado EV at Hampton Roads Automotive Show 2025 The Rise of Electric Vehicles and Hybrids Is Reshaping the Automotive Industry Electric vehicles (EVs) and hybrids are no longer niche options—they are rapidly becoming a central part of the global automotive market. In fact, more than 20% of new cars sold worldwide are now electric , with global EV sales surpassing 17 million vehicles in 2024 alone . This shift represents more than a trend—it signals a fundamental