EV Market Outlook 2022: A 40% Year-Over-Year Rise
Since 2019, the electric vehicle market has experienced massive growth, to the tune of 40% year-over-year. The EV market, in general, has exploded, and this upward trajectory is projected to continue into 2022 and 2023. Reflecting upon 2021 sales, Tesla has reported $5.5 billion in annual profits, which is more than six times their 2020 bottom line. So, is it time to invest in an electric vehicle? The research says yes.