The World of Transportation has been Changing!

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by CarBook,

The electric vehicle market is growing. In the coming years, stricter emission regulations, lower battery costs, more widely available charging infrastructure and increasing consumer acceptance will create new and strong momentum for penetration of electrified vehicles (hybrid, plug-in, battery electric and fuel cell) in the market.

The world of transportation has been changing. With stricter emission regulations, lower battery costs, more widely available charging infrastructure, and increasing consumer acceptance, electrified vehicles are becoming more viable and competitive.

In fact, the number of hybrid and plug-in hybrid vehicles on U.S. roads jumped from less than 1% in 2008 to 2% in 2018, while battery electric vehicles (BEVs) made up less than 0.1% of new cars sold in 2008 but 4% in 2018.