The extraordinary rise of electric cars in developing countries

Something remarkable is unfolding in developing countries. From Nepal to Costa Rica, more people are buying electric cars than fossil-fuel vehicles, as battery prices plummet and cheap home-grown EVs come to market. And in China, more electric cars will be sold in the last quarter of this year than the total number of all cars sold in the US. Colin McKerracher, head of transport at BNEF, joins Akshat Rathi on Zero to unpack these trends, and what they mean for global oil demand. Explore more: BNEF’s EV Outlook  Articles by Colin McKerracher  The Whole World Is Switching to EVs Faster Than You Nigeria's Solar Gamble Forces Millions in Lagos to Unplug From Dirty Generators - Bloomberg Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Eleanor Harrison Dengate, Siobhan Wagner, Sommer Saadi and Mohsis Andam. Thoughts or suggestions? Email us at [email protected]. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.See omnystudio.com/listener for privacy information.