The Rechargeable Renaissance

After years of lukewarm reception and limited funding, it looks as if the battery electric vehicle (BEV) market is finally going full throttle. According to a recent Forbes article, Schmidt Automotive Research recently reported that BEV sales more than doubled in 2020 to nearly 750,000 and jumped again in 2021 with sales of more than one million vehicles, despite an ongoing chip shortage and pandemic-related disruptions.