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With global sales set to hit yet another record this year, electric vehicles will expand their share of the global automobile market to nearly 20% and push the energy sector that powers traditional vehicles toward a much greater reimagining, a leading energy-industry coalition said Wednesday.
The EV share of global vehicle sales is set to increase from about 14% in 2022 and from just 4% as recently as 2020. Demand for electric cars, SUVs, passenger pickup trucks and, increasingly, commercial and transit vehicles will eliminate…
