Legacy global automakers falter in ambition despite momentum in the EV transition (opens original article in a new tab)

Legacy global automakers face challenges in the EV transition as Chinese companies and Tesla lead, with some declining due to reduced electrification commitments.

• Global electric vehicle sales reached 25% of new vehicles in 2025
• Legacy automakers like Stellantis, Honda, and GM saw rating declines due to reduced 2030 EV targets
• Chinese automakers SAIC and Geely achieved over 50% EV sales share but primarily sold plug-in hybrids