The Electric Vehicle Boom: A Global Paradigm Shift in Transportation
Stringent emissions regulations have shifted the global focus on electric vehicles, resulted in an exponential growth of these vehicles in recent years. According to IEA publication, though car sales dropped by ~16% during the pandemic, electric vehicle sales increased by 41%. According to IEA, number of on-road electric cars by the end of 2021 was about 16.5 million globally, three times the number of EVs in 2018. As per latest Global EV Outlook, electric vehicle sales, including BEVs & PHEVs,...
View full press release