The Exponential Growth of the Electric Vehicle Industry ⚡
(And Why We Need More Chargers to Support It) There are very few industries that enjoy good faith and exponential growth the way the EV (electric vehicle) industry does. Sales nearly doubled in 2021 compared to 2020 (6.6 million vehicles, making up 9% of cars total). All of this is in the midst of supply chain issues and computer chip shortages, which makes this commitment on the buyer’s side even more impressive. But why is that? How come this didn’t happen sooner? Right now, we are experiencing a perfect storm of factors that turned electric vehicles into the hottest topic in the automotive industry, and we’re about to give you a brief outline of each one. Better Than Ever: Variety and Performance Tesla has been a behemoth in this space, but today, there is a wide variety of alternatives. Car manufacturers are now working around the clock to deliver the best electric vehicle they can. EV startups are popping up, and there are some murmurs that tech companies such as Apple and Sony w...