EV Market Experiences Growing Pains As It Meets The Masses

  • 📰 cleantechnica
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

This article offers an overview of the progress that is likely to take place as EVs become mainstream, including turns in the road.

. Throughout 2022, established automakers such as Mercedes, Ford, and General Motors unveiled dozens of new EV models.“a revolutionary shift from combustion engines to electric vehicles guided by software.” In 2023, new options for electric vehicles sedans, SUVs, and pickup trucks will vie for consumer attention., the size of the global EV market was worth around $178.5 billion in 2021 and is predicted to grow to around $1108.8 billion by 2030 with a compound annual growth rate of roughly 22.

Production, which has been limited by shortages of computer chips, batteries, and other parts, could be alleviated in 2023.~90%But that’s the prediction. As probable as these numbers seem to some industry insiders, there is a hard reality that needs to take place in the interim years: a mass market of consumers needs to buy into the EV phenomenon.

Offering a wide variety of models — some of which are quite affordable — will solidify the entire line.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 565. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Odometer fraud a growing problem as used car market heats upIf you buy a rolled back vehicle, it could cost you thousands of dollars in value up front, plus even more money to maintain the car throughout its life.
Source: wrtv - 🏆 598. / 51 Read more »

WeWork's market cap beat by Regus as market returns to realityWeWork's market cap is now smaller than its much more straight-laced rival as the market adjusts to reality Hybrid, remote working & cost optimization during these times should be a tailwind for wework coworking businesses.
Source: BusinessInsider - 🏆 729. / 51 Read more »