A new report from the International Energy Agency (IEA) predicts that electric vehicles (EVs) will make up 60% of global car sales by 2030. Countries like Norway, Germany, and China are leading the charge, with governments incentivizing EV purchases and expanding charging infrastructure.
Highlights:
• EV battery costs have dropped by 50% since 2020.
• Over 200 new EV models are set to launch in the next five years.
• Tesla, Rivian, and legacy automakers like Ford and Toyota are investing heavily in EV technology.
However, experts emphasize the need for sustainable battery recycling systems to support the growing EV market.
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