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Electric Vehicles on the raise: Record Sales and Key Factors

Electric Vehicles Mark Record Sales in 2021

The global electric vehicle (EV) market has reached new heights, with sales in 2021 hitting a record-breaking 3.24 million units. This signifies a colossal growth of 43% compared to the previous year.

Tesla, the renowned electric vehicle manufacturer, was at the forefront, contributing to approximately 800,000 sales worldwide.

The big picture: This upward trend is expected to persist, setting EVs on course to make up 40% of all new car sales by 2030.

Key Growth Drivers

  • Burgeoning awareness about climate change.
  • Government incentives promoting environmentally-friendly transportation solutions.
  • The ongoing decline in battery prices.

Sissi Chan

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Passionate about technology, design, and innovation.

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