05 August, 2024
Electric Vehicle Market in 2024: Growth Amidst Challenges
The electric vehicle market has made significant strides over the past decade, with 2023 marking a record year of growth. However, the performance in 2024, particularly in Europe, has been mixed, reflecting the complexity of transitioning to a fully electrified automotive market. Economic constraints, infrastructure inadequacies, supply chain issues, technological limitations, and consumer sentiment all play a role in this dynamic landscape.
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