TOKYO -- Chinese and Western automakers now control 90% or so of the global electric-vehicle market, while their Japanese counterparts that similarly dominated a dozen years ago have fallen to less than 5%, Nikkei calculations show.
Business trends
How success in hybrid cars turned Japan into an EV laggard
China and Western automakers dominate a field pioneered by Japanese players
A Toyota bZ Compact SUV Concept electric vehicle at the 2022 Los Angeles Auto Show. Japanese automakers sell far fewer EVs than the foreign competition. © Reuters
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