Electric Vehicles Acceleration: News Trends in 2022
2022 seems to be the beginning of a recovery for the automotive industry. Automakers now have some prospect of a market recovery after several years of COVID-19-related market decline. According to Euromonitor, unit sales volumes are anticipated to surpass pre-pandemic 2019 levels in 2022 and be approximately 78 million units (+10% over 2021, which is itself up 10% over 2020). This year, OEMs' profits increased overall, with many posting record highs. The automotive sector is seeing some significant developments as a result of this predicament.