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Total Registered Battery Electric Vehicles

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Electric Vehicle Smart Charging Platforms

Report | 4Q 2022 | AN-5545

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While the automotive industry has struggled due to supply chain disruptions and materials shortages, the EV market delivered extraordinary performance in 2021 due to growing natural demand due to technology improvements and higher model availability, less exposure to the semiconductor crisis due to lower dependency on large process node/legacy technologies, aggressive net-zero goals, and trade tensions overseas.