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On GPS: The end of China's economic miracle

·1 min


Title: Global Demand for Electric Vehicles Surges in 2021 #

After a challenging year for the automotive industry due to the COVID-19 pandemic, global demand for electric vehicles (EVs) is soaring in 2021. Increasing concerns about climate change and government incentives have been key factors driving this surge. The push for green transportation is also intensifying as several countries aim to ban internal combustion engine (ICE) vehicles within the next few decades. EV market leaders such as Tesla, Volkswagen, and General Motors have reported record sales and are expanding their production capacity to keep up with the high demand. The trend towards EVs is expected to continue as more consumers embrace sustainable transportation options.