Published: September 7th, 2021,
Last updated: May 30th, 2025
By Fuad Hasanov, Reda Cherif and Min Zhu
Fuad Hasanov is a Senior Economist at the International Monetary Fund.
The market for EVs is developing far more dynamically than could have been expected years ago, write economists Fuad Hasanov, Reda Cherif and Min Zhu. Countries that fail to recognize the trend now and convert their economies would bear high consequential costs in the future. There is pressure to act, especially for emerging economies.