Electric solutions are taking over the world one wonder at a time. Innovation within the electric solutions sector is excelling towards making our smart cities more and more sustainable. One such innovation is the Electric Vehicles segment, where possibilities have been boundless. It has received wide global interest and investment. The entry of big players from the vehicle industry and the electronic manufacturing industry has put its value at $162.34 billion as of 2019.
Government and regulatory bodies have entered the scene and began offering subsidies as well standardization to suit the environment and quality requirements. Incentives to EV manufacturers have also been introduced and improved over a short period of time.