The electric vehicles (“EVs”) market is growing swiftly. For instance, electric vehicle sales in the U.S. in 2017 rose by almost 30%, and this translates into approximately 200,000 units. Given the low gas prices that are a marketing strategy to incentivize consumers to stick with diesel and gas cars, the increase makes it all the more impressive.
Globally, there are lots of initiatives to ban the sale of oil vehicles, with the biggest reason behind this being clearing the skies of smog-filled cities. India, China, Norway, France, Netherlands as well as the UK have expressed their desire to phase out diesel and gas vehicles in the decade to come. In Norway, electric vehicle sales make up 33% of all car sales, showing how effective government incentives…
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