In the past few years, the market of electric vehicles (EVs) has changed dramatically. Factors such as growing demand for low emission commuting and governments supporting long range, zero-emission vehicles and infrastructure have pushed manufacturers to accelerate the global production of EVs. This has led to a growing demand for electric vehicles in the market. Electric car sales broke all records in 2022 - making up up 10% of new car purchases worldwide - and the market for two/three-wheelers and e-bikes is expanding rapidly. [1]
Now more than ever, startups and R&D teams have a unique chance to make a significant impact on the market with innovative and sustainable solutions.