Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 907

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 907
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 investment to consumption. Pension and unemployment insurance coverage should be extended to all. The list of treatments and medicines covered by health insurance should be widened. The extension of the pensionable age is urgent, and a target age should be reached within a short time span given the relatively long-life expectancy. Women should not be allowed to retire 5-10 years earlier than men. China has a large imbalance in the population due to the long-term favoring of boys over girls, in particular in rural areas. While this is changing with urbanization and rising living standards, there is ample room for policies to ensure greater gender equality. Girls’ tertiary enrollment is high and so is female employment, but there is a persistent wage gap, and few women are in managerial positions. Strict implementation of equal pay laws and, where needed, affirmative action could help. Global Electric Vehicle Outlook 5 Electric car markets are seeing exponential growth as sales exceeded 10 million in 2022. A total of 14% of all new cars sold were electric in 2022, up from around 9% in 2021 and less than 5% in 2020. Three markets dominated global sales. China was the frontrunner once again, accounting for around 60% of global electric car sales. More than half of the electric cars on roads worldwide are now in China and the country has already exceeded its 2025 target for new energy vehicle sales. In Europe, the second largest market, electric car sales increased by over 15% in 2022 , meaning that more than one in every five cars sold was electric. Electric car sales in the United States—the third largest market—increased 55% in 2022, reaching a sales share of 8%. ____________ 5 International Energy Agency (IEA), Global EV Outlook 2023 , April 2023 Annex D-1-3 Electric car sales are expected to continue strongly through 2023. Over 2.3 million electric cars were sold in the first quarter, about 25% more than in the same period last year. We currently expect to see 14 million in sales by the end of 2023, representing a 35% year-on-year increase with new purchases accelerating in the second half of this year. As a result, electric cars could account for 18% of total car sales across the full calendar year. National policies and incentives will help bolster sales, while a return to the exceptionally high oil prices seen last year could further motivate prospective buyers.