EV Sales Increase but the Industry Faces a $6 Trillion Obstacle
Though electric vehicle (EV) sales are gradually increasing, EVs still face a few major hurdles when it comes to mainstream adoption. Besides needing cleaner battery production methods, the industry will also require a pricey infrastructure overhaul. Goldman Sachs Group Inc. estimates that this infrastructure will cost $6 trillion. This amount comprises 7.5-8 percent of the…
