Electric vehicles are becoming more popular, with governments even encouraging their use through legislation. Here we look at what makes these vehicles different from fuel-based cars, and the battery technologies that drive them.
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Electric Vehicle Market Today
In an electric vehicle or hybrid electric vehicle, the electric motors are powered by a rechargeable battery. Their use is becoming increasingly adopted by many countries.
An executive order signed by US President Joe Biden mandates that by 2030, electric vehicles must account for 50% of all new car sales. A similar requirement that calls for electric cars to account for 40% of all sales is in place in China, the largest EV market in the world. Additionally, the European Union wants at least 30 million zero-emission vehicles on its highways by that time.
Currently,…