Electric Vehicle Market Looks Headed for 22% Growth This Year
BloombergNEF sees a slowdown in 2024 giving way to acceleration the following two years, when a slew of cheaper models are slated to arrive.
An Ioniq 5 electric vehicle at Hyundai’s innovation center in Singapore.
Source: Hyundai
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It’s that time again, when analysts and industry watchers make predictions about what’s in store for the year ahead. Each year presents new variables, and this year is no different with lots of mixed signals in the electric vehicle market.