$HLRTF the EV market has grown from a fledgling industry representing less than 1% of total vehicles sold in North America in 2018 to nearly 5% of the same market in 2021. The growth of this market is only expected to accelerate further over the next decade as technologies mature, automakers shift their product mix to include a higher proportion of electric vehicles (EVs), consumer acceptance of EVs grows and regulations force increased adoption of EVs around the globe.
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