The rise of electric vehicles & its effect on the auto industry in future
Electric vehicles (EVs) are becoming increasingly popular, with major carmakers such as Tesla, Ford, General Motors, and Volkswagen investing heavily in this area. With advances in technology and a growing awareness of the need to reduce emissions, EVs will likely play an even bigger role in the automotive industry in the future. In this blog post, we take a look at the rise of EVs and their potential effect on the auto industry. What Is an electric vehicle An electric vehicle is powered by an electric motor instead of a gasoline engine. Electric vehicles have been around for over a century, but they have become more popular in recent years due to advances in technology and concerns about climate change. Electric vehicles are cleaner and more efficient than gasoline-powered vehicles,…