WebGlobal sales of electric cars have kept rising strongly in 2024, with 2 million sold in the first quarter, up 75% from the same period in 2024. The success of EVs is being driven by multiple factors. Sustained policy support is the main pillar. Public spending on subsidies and incentives for EVs nearly doubled in 2024 to nearly USD 30 billion. WebApr 12, 2024 · EVs seem to have a huge problem — rising prices of Lithium. Lithium is the main element used in a modern Lithium-ion battery and an increase in prices of Lithium is indeed alarming for the EV world.
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