Billions of dollars are being invested in facilities and raw materials so automakers can try to reach their EV goals.
predicts the sale of electric vehicles in the US will surpass 1 million units in 2023, with strong electric sales in the first months of 2023. Specifically, luxury electric brands are regaining traction after a sharp dive last year, with Rivian and Lucid garnering a respective 563% and 192% year-over-year Q1 sales bump. Tesla also had a fruitful first quarter, with a 39.5% rise in year-over-year sales and a 37% sales increase as compared to the last quarter of 2022.anticipates 64.
Ford, in particular, has been dumping money into its growing EV lineup, with two EV-dedicated plants in progress.
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