The Chasm Is Over! The EV Market Is Growing Rapidly — If You Don't Believe It, You'll Miss the Coming Secondary Battery Rally | Commentator Yoon Seok-cheon

Summary

Yoon Seok-cheon, an economic commentator and Economy Insight editorial board member, tells host Hwang Yu-hyeon that the EV chasm is over. He argues global EV growth remains strong outside the US, with Europe, China, and other regions expanding, while US demand weakened after IRA subsidies ended. He highlights China's EV makers and their push into the Global South, and discusses implications for the secondary battery sector.

• Guest argues the EV chasm narrative is no longer valid.
• Global EV sales grew about 25% YoY, led by Europe, China, and other regions.
• US EV demand turned negative after IRA subsidies expired.
• Emerging markets are adopting EVs faster due to cheap Chinese models and policy support.
• China is expanding EV exports and standards in the Global South.
• China's EV industry consolidated from over 300 makers toward 130.
• The secondary battery sector remains tied to EV battery demand.
• BYD and VinFast are cited as examples in emerging-market EV adoption.