Electric vehicles (EVs) are charging ahead in both consumer markets and government policies.
With several nations setting firm deadlines for the phase-out of internal combustion engines, automakers like Tesla, General Motors, and Ford are ramping up their EV production.
Tesla’s much-anticipated Cybertruck is expected to debut soon, while GM’s Hummer EV has already started gaining attention for its blend of power and sustainability. The race to develop better battery technology is also intensifying.
Companies are investing heavily in research to improve energy density and charging speed, with breakthroughs in solid-state batteries promising to revolutionize the industry.
However, the growing demand for EVs has brought new challenges, particularly around the supply chain for critical minerals like lithium, cobalt, and nickel. Mining these materials has raised environmental and ethical concerns, prompting companies to explore recycling programs and alternative materials.
