This chart from Ark Investments speaks volumes:

In China, gas-powered vehicle sales were down 4% in 2021, but electric vehicle sales were up an astounding 145% year over year.
That means that EV sales accounted for more than 100% of China’s overall automobile sales growth in 2021… a trend we fully expect to accelerate globally over the next 2-3 years.
Our December MegaTrends Report, the rEVolution, covered the major players we see as top opportunities heading into this massive tipping point in consumer behavior.