Electric vehicle adoption rates are rising and the impact is going to be big for more than just the automotive industry. Pricing for entry-level EVs is set to fall and in turn, increase that conversion rate even further. Here’s a closer look at the data and its implications for the future.
The study comes to us from the International Energy Agency (IEA), a group that works with governments to provide secure and sustainable energy for all. It actually dates back to 1974 so this isn’t a new group geared only toward electrification. Specifically, it touts an “all-fuels, all-technology” approach.
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