Global EV Prices Drop Below Hybrids as Chinese Scale Drives Costs Down

Global EV prices have fallen below hybrids for the first time, driven by cheaper batteries and Chinese manufacturing scale. This challenges the persistent 'EVs are too expensive' narrative and explains accelerating adoption in emerging markets. Important inflection point for competitive dynamics and consumer sentiment. BYD's expansion in the Philippines with affordable models like the Atto 2 and Seal 5 DM-i further demonstrates this trend.