Headwinds in Global Electric Vehicle Industry to Be Eliminated by Technological Innovation

At present, although there are some headwinds in the electric vehicle industry, such as rising electricity prices, rising material prices for battery components, restrictions under the US Inflation Reduction Act (IRA), and anti-IRA measures in the European Union, most market strategists are still very optimistic about the prospects of the global electric vehicle industry, and believe that technological innovation will eliminate these negative effects in the next few years.