ABSTRACT
The chapter starts by discussing the market trends and factors driving the adoption of EVs, including the increasing demand for sustainable transportation, government regulations promoting EVs, and advancements in EV technology. The chapter also provides a detailed analysis of the EV market, including sales statistics, market share, and growth rates, as well as an overview of the major players in the industry. The chapter then delves into the technological advancements in EVs, including battery technology, charging infrastructure, and autonomous driving capabilities. It also discusses the challenges associated with EV adoption, including range anxiety, charging infrastructure availability, and consumer attitudes and behaviours. Furthermore, the chapter explores the impact of EVs on the energy sector, including the integration of EVs with renewable energy sources and the potential for vehicle-to-grid (V2G) technology. It also discusses the role of government policies and incentives in promoting EV adoption and supporting the development of charging infrastructure. The chapter concludes with future expectations for the growth and development of EVs. This includes the potential for EVs to become mainstream in the transportation sector, the development of new EV models with longer ranges and lower prices, and the integration of EVs with emerging technologies such as blockchain and artificial intelligence. Overall, this chapter provides an insightful analysis of the rise of electric vehicles, their current status, and future expectations. It serves as a valuable resource for policymakers, industry professionals, and researchers interested in the EV market and its potential impact on the automotive industry, transportation sector, and energy markets.
