Emerging markets, electric futures: how do we unlock the best deal for the Global South?

The economics of EVs have shifted. In emerging markets, electric vehicles are approaching cost parity with petrol cars, giving the Global South a unique chance to leapfrog legacy infrastructure and scale electric mobility faster than established markets. This is more than a transition to cleaner transport, it’s a market and investment moment that could reshape global supply chains, influence energy systems, and unlock new economic opportunities. Will these markets seize the advantage, and how can global players position themselves to benefit? Emerging markets are turning opportunity into action, building resilient supply chains, deploying scalable business models, and forming strategic partnerships that accelerate EV adoption and capture market growth. With real-world examples from Latin America, India, and beyond, we show where investment, innovation, and policy alignment are driving tangible results and where the next leapfrog advantage could be claimed.