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The demand for electric vehicles is projected to rise over the next two decades with worldwide revenues estimated to grow from 84 billion U.S. dollars in 2012 to almost 272 billion U.S. dollars in 2019. Similarly, the number of environmentally-friendly cars in use, including both the hybrid and electric vehicles, reached around 1.3 million units in 2016. Infrastructure improvements, as well as the level of gasoline prices in many countriescontinues to influence demand for electric vehicles.


Reference from Torque News - The EV Demand is Projected to Grow.
 
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