Electric Vehicles Keep Defying Almost Everyone's Predictions
12 Jan 2023 | Abstracted from NY Times
"It is striking that in the same year that Tesla's stock price dropped by about two-thirds, destroying more than $700 billion in market value, the global market for electric vehicles...actually boomed."There are now almost 30 million electric vehicles on the road in total, up from just 10 million at the end of 2020...In the United States, investments in battery manufacturing reached a record $73 billion last year…"
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