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Electric Vehicle Industry Definition and Scope
The electric vehicle (EV) industry represents a rapidly expanding segment of the global automotive ecosystem, focused on the development, production, and adoption of vehicles powered by electric drivetrains. This includes battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hybrid electric vehicles (HEVs). The EV industry is gaining momentum due to rising demand for sustainable mobility, increasing fuel prices, and advancements in automotive technologies.
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