The electric vehicle (EV) industry has encountered several challenges, including rising prices, a semiconductor chip shortage, and ongoing supply chain issues this year. These factors have affected the production of EV companies, making it challenging for them to fulfill the unmet demand.
Furthermore, the exorbitant pricing and insufficient charging infrastructure significantly impede EV adoption. While the number of charging stations is expanding across the country, thanks to government and business investments, the charging infrastructure still remains unsatisfactory for buyers.
