Global EV sales are increasing rapidly. The International Energy Agency reports that barely 120,000 EVs were sold worldwide in 2012. The same number of electric automobiles were being sold each week in ten years. President Biden established the target in September, saying that by 2030, half of all new cars sold in the country would be electric vehicles. on 2022, US businesses invested more than $700 million on the charging of electric vehicles. Additionally, they have invested 13 billion dollars on local production of electric automobiles.
