A global boom in the production of electric vehicles (EVs) propelled by battery power instead of internal combustion engines is imminent.Worldwide, around 14 percent of all new cars sold in 2022 were electric, up from less than 5 percent in 2020.In the U.S., electric car sales increased from 0.2 percent in 2011 to 4.6 percent in 2021, and then jumped to 8 percent in 2022.
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