THE IMPACT OF BATTERY TECHNOLOGY ON ELECTRIC CAR MARKET GROWTH

Market Overview In 2024, the global electric car industry is estimated to attain 7.0 million units, with an impressive CAGR of 34.2% projected to advance to 40.7 million units by the end of the decade. Key automakers like Ford, General Motors, and BMW are mainly concentrating on electric vehicles because of increasing consumer interest in decrea