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To support that demand, automakers and suppliers now expect to invest at least $526 billion on EVs and batteries from 2022-2026, the firm said at its annual Global Automotive Outlook briefing.
Electric vehicle sales could reach 33 per cent globally by 2028 and 54 per cent by 2035, as demand accelerates in most major markets, consultant AlixPartners said on Wednesday.
Electric vehicle sales could reach 33% globally by 2028 and 54% by 2035, as demand accelerates in most major markets, consultant
Automakers, suppliers now expect to invest at least $526 billion in EVs, batteries from 2022-2026 to support the demand
The battery-powered vehicles accounted for less than eight percent of global sales last year and just shy of 10 percent in the first quarter of 2022.