Electrical Vehicle Market: Rising Government Subsidies and Support Initiatives to Popularize Electric Vehicles
Electric vehicles (EV) are vehicles that run on electricity in which the motors are powered by one or more rechargeable battery packs. The need for reducing reliance on petroleum-based fuels in vehicles among consumers has led automakers adopt electricity as a vehicle fuel. The growing adoption of electric vehicles is propelled by the myriad benefits they offer over conventional ones. These include no tailpipe emission, higher energy efficiency, smoother operations, enhanced acceleration, and requiring minimal maintenance.
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