#4
Electric Vehicles & EV Infrastructure
Global EV sales surpassed 14 million units in 2023 and 18 million in 2024, with EVs now representing 18% of all new car sales worldwide. China accounts for 60% of global EV production, while the US Inflation Reduction Act injected $370 billion into clean energy and EV manufacturing subsidies. The EV charging infrastructure market alone will grow from $30 billion to $300 billion by 2035 as charging networks race to match adoption.
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