Driving the Future Forward with Advanced Lithium-Ion Batteries: Made in Alabama By Arti LoftusApril 12, 2021 At the end of 2020, the market capitalization of Tesla was roughly equivalent to that of the nine largest automakers in the world combined. In 2019, over 3 million Electric Vehicles (EVs) were sold, and with a forecast CAGR of 21% until 2030, it is expected that nearly 27 million EVs will be sold in 2030. Ford, Volkswagen, BMW, Nissan, Toyota, GM, and Honda have all announced ambitious goals for their EV offerings, and deadlines between 2022 and 2025 are fast approaching. EVs are part of many major and positive trends globally, including the need to address carbon emissions, reduce dependence on fossil fuels, improve safety when combined with assisted and autonomous driving, support the more cost-efficient transportation of goods (commercial vehicles) and establish smart city ecosystems.