It’s set to be yet another banner year for the electric vehicle (EV) and battery-powered electric vehicle (BEV) industry, with global automakers and EV startups all competing to take their place at the top, as electric vehicles enter the mainstream consumer marketplace.
Ongoing talks of a possible recession and wider market turndown on the back of macroeconomic problems such as red-hot inflation and soaring interest rates have prompted some consumers to hold off on their purchases for now until market conditions improve.
With so much uncertainty looming, and consumer interest driven by an increasing number of new EV models coming to the market, how will the global industry unfold in the coming months?
This post originally appeared at Dynamic Wealth Report.