. 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.
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