AlixPartners outlook warns of Chinese EV competition, 'ICE melting'

Nio salesroom China — Chinese brands will likely outsell foreign brands in that country in 2023 for the first time in recent history. Pictured is a Nio showroom. (BLOOMBERG)

June 26, 2023 04:26 PM

Pent-up demand may buoy internal combustion engine vehicle sales through 2024, but an inevitable decline is on the horizon, consulting firm AlixPartners' Mark Wakefield predicted in an annual Global Automotive Outlook released Monday.

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