The International Energy Agency projects that global electric vehicle sales will reach 23 million units in 2026. According to a recently published IEA report, electric vehicles will account for nearly 30% of car sales worldwide in 2026. China will play a major role in these EV sales projections, most likely by absorbing a large portion of the new battery electric vehicles (BEVs) that will be sold this year, followed by Europe which features some of the highest EV adoption rates in the world.
As EV uptake accelerates, brands like Lucid Motors (NASDAQ: LCID) could be well…
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