Despite global efforts, CO2 emissions, along with other harmful gases, continue to rise and transportation is a big contributor to this global warming concern. As a result, to reduce these harmful emissions, governments and policymakers around the world are pushing the adoption of electrified vehicles (EVs) via a variety of incentives. Subsequently, for passenger vehicles only, EVs are forecasted to reach 80 million cars in the U.S. and around 500 million globally by 2040.
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