06 Oct 2022 | Abstracted from Seeking Alpha"...the historic growth of EVs has been dramatic. In 2012, just 120,000 EVs were sold globally. Last year saw this figure being sold on a weekly basis with 10% of cars sold in 2021 being electric, 4x the market share in 2019...EVs are forecasted to grow to at least 26.8 million by 2030, up from 6.6 million in 2021.
"The slow pace of the traditional automakers to go all in on EVs has created a generational opportunity for these new companies..."
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