Financial News

Could IoT Address Buyer Concerns About EVs?

Even with the governments stating that by 2030, 50% of total sales of newly purchased cars should be electric vehicles and companies making significant goals for turning mostly electric, there appear to be roadblocks in the way. For instance, both the private and public sectors will need to invest billions of dollars in charging points and batteries, as well as automobiles. A scarcity of charging points, electric vehicle travel range anxiety, and the expense of finding, acquiring, and maintaining the developing machines all contribute to the slowdown in EV adoption.

However, the industry hopes to quickly allay the majority of these concerns since the support needed to reverse this trend is sufficiently available. The engineering of electric vehicles is advancing at a….

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