Despite the uncertainties of the last year, the transformation of the transportation sector forged ahead, dominated by the prevailing trend of CASE (Connected, Autonomous, Shared, Electrified) technologies.
Despite small setbacks caused by COVID-19 that impacted the automotive industry at large, analysts predict electric vehicle (EV) demand will continue on its upward trajectory in 2021, driven by new models, improved batteries, more readily available charging infrastructure, new markets, and price parity with traditional gas-powered vehicles.
As more countries adopt aggressive climate goals and announce plans to phase out gas-powered vehicles, demand for EVs will only continue to rise, jumping from 10% of vehicle sales to 58% by 2040. In the US, the Biden administration’s proposed climate change policies are expected to be a significant driver in the short term as ..
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