Annual car sales are unlikely to reach pre-COVID-19 levels anytime soon. In fact, experts say that the rate of recovery is forecasted to be a result of a slowdown in internal combustion engine (ICE) vehicles, with electric vehicles gaining a positive trajectory during the pandemic recovery period and beyond. According to a recent Deloitte study, EVs are likely to secure 32% of the global market share for new car sales by 2030. More electric vehicles! Sounds great for the environment, right? Yes, but electric car manufacturers have to tread carefully. More EVs means more batteries, and it’s essential that companies source…
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