Electric Cars: The Lifeline of the Auto Industry, Reports IDTechEx

BOSTONAug. 10, 2020 /PRNewswire/ — 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).

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