Electric Dream: The Booming Popularity of Electric Vehicles and What It Means for Automotive Part Manufacturers
Based on the latest International Energy Agency (IEA) projections (featured in the newest edition of the Global EV Outlook), the share of electric vehicles (EVs) in the overall car market has risen from around 4% in 2020 to 14% in 2022 and is set to increase further to 18% in 2023. There is no doubt that demand for EVs is booming, and sales are set to surge to another record total this year.
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