Off Grid Energy Independence
Aug 11, 2020
Electric Cars: The Lifeline of the Auto Industry
In the past two decades, the car market has declined twice: first due to the 2008 economic crisis, and then due to falling sales in China. Most recently, the lockdowns implemented to combat the coronavirus pandemic, causing auto-production plants to close globally and a loss of consumer spending will lead to an unprecedented 23% decline in 2020 (IDTechEx prediction).