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Electric City Vehicles Cars Power

Electric City Vehicles Cars Power

Electric City Vehicles Cars Power

With the advent of EVs, the global transportation sector can diversify its fuel mix. Moreover, EVs reduce greenhouse gas emissions and offer a cleaner and more secure source of electricity.

The global EV market is expected to reach more than 14 million units annually by 2022. The EV share of new vehicle sales is growing and could hit 58% by 2040.

EVs are available as plug-in hybrid electric vehicles (PHEVs) or all-electric cars and trucks. The benefits of driving an EV include lower costs, greater flexibility, and reduced greenhouse gas emissions.

Most EVs can travel more than 200 miles on a single charge. They also are quieter and can be operated at lower speeds than gasoline-powered vehicles.

In 2022, EVs made up 5.8% of all new vehicles sold in the United States, and they’re expected to grow. This figure is driven by government incentives and other requirements that are boosting EV sales.

As automakers prepare for an electric future, they face challenges that are affecting a wide range of operations from the factory to the dealership. These challenges include shortages of semiconductors and raw materials for batteries, rising energy prices, and disruptions from Russia’s invasion of Ukraine or Chinese factory shutdowns.

Despite these difficulties, Detroit’s legacy automakers – Ford, GM and Stellantis, which purchased Chrysler a year ago – are investing heavily in EV production. They’ve pledged more than $120 billion to convert production lines to electric cars, and they’re launching new EVs worldwide by 2025.

Jenn Fontana
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