Taps Coogan – September 11th, 2022
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The following article is reposted from Statista.com:
The global sales of electric vehicles are expected to hit $384 billion in 2022, according to data from Statista’s Mobility Market Outlook. Battery EVs and plug-in hybrid EVs have both seen growing popularity in recent years, with projections estimating that they will reach a shared market volume of $869 billion by 2027.
According to analysts from the Mobility Market Outlook: “It is safe to say that battery-powered vehicles are taking over the automobile market. The growth of the Electric Vehicles (EV) market has been significant despite the COVID-19 pandemic and the resulting supply chain bottlenecks. Despite these recent challenges and rising production costs as a result of increasing raw material prices, EV sales are still going up at a fast rate. If this continues, they are set to surpass the sales of conventionally propelled vehicles (i.e., vehicles with internal combustion engines).”
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When will they pass ICE vehicles?
Baloney. The initial costs of buying an electric vehicle and the home conversion costs of charging coupled with the cost of replacing the batteries will doom the EV market. The EV market is being forced upon us, but administrations change, and so will the forced EV crap. Global warming is a scam. This site is full blown liberal.