The Rise of Electric Vehicles: A Market Overview

· Industry News

The automotive industry is undergoing a significant transformation with the rise of electric vehicles (EVs). As consumers become more environmentally conscious, manufacturers are ramping up production to meet the growing demand for EVs. This shift not only impacts vehicle design and technology but also the entire supply chain, from battery production to charging infrastructure. Industry experts predict that by 2030, a substantial percentage of new car sales will be electric, marking a pivotal change in automotive trends.