Analysis of Current Situation, Problems and Potential Solutions of Electric Vehicle Industry

Abstract

The onset of the 21st century has seen remarkable developments in almost every industry in our modern-day world. Technology develops the quality of life and grows at an unprecedented rate. During the long run, newly type of vehicles is innovated, and new energy vehicles are an important development direction. Electronic vehicle (EV) not only is a production of the new era, but also a process of the evolution. The first EV appeared in late of 1830s which also be the prototype of the EV of nowadays. Currently, EVs are commonly used by individuals, the reason that EVs are more environment friendly, with the fuel less costly, and get government’ beneficially. However, EVs still have issues in nowadays, i.e., installation, short range, and battery handling. To solve these issues, the public could offer more installation charging piles, and EV companies could improve the battery capacity and maintenance. Overall, the reports will illustrate the current status and current problems that EVs faced, also showing the solutions and the recommendations to help the EV industry to develop.

The electric cars era transforming the car repairs and services landscape

“…2 The market is projected to reach a revenue of US$457.60 billion in 2023, with an annual growth rate of 17.02%. 3 In Q2 2022, EV sales accounted for 5.6% of the total auto market, indicating an increasing market share. 4 Clean energy, improved performance, and government incentives drive electric vehicle adoption.…”