
Popular Electric Vehicle (EV) companies Mullen Automotive, Inc. (MULN) and General Motors Company (GM) have been evolving substantially in this space.
In 2022, EV sales in the U.S. almost doubled. Moreover, demand for EV goods and services is expected to remain solid in the upcoming years. The EV market is predicted to grow at a CAGR of 24.3% from 2022 to 2030.