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Auto industry's shift toward EVs is expected to move forward

The auto industry is undergoing a significant transformation towards electric vehicles (EVs), driven by regulatory pressures, consumer demand, and technological advancements. Despite challenges like high production costs and supply chain issues, major automakers are investing heavily in EV technology. The shift is supported by government incentives and infrastructure development for charging stations. However, the transition also faces hurdles such as range anxiety, the need for more widespread charging infrastructure, and the adaptation of manufacturing processes. Industry experts predict that while the transition will be gradual, the momentum towards EVs is unstoppable, with expectations of increased market share for electric vehicles in the coming years as technology improves and costs decrease.

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[ https://www.timesdaily.com/business/auto-industrys-shift-toward-evs-is-expected-to-move-forward/article_4db93ec4-ac0d-11ef-9f26-d78d6cf5418f.html ]