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The Electric Vehicles (EV) Impact on Industries

If it seems like electric vehicles are proliferating in unprecedented volume and variety, it’s because they are — and they’re gradually changing the world around them. Fueled by skyrocketing demand in Europe, China and the United States, sales of pure electric and plug-in hybrid passenger vehicles in 2021 are on pace to more than double to a record 6.2 million units, according to S&P Global Market Intelligence data. At nearly 9% of the global passenger vehicle market, up from less than 3% just two years ago, this marks an emphatic finish to a long ascent to commercial relevance.

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