In order to facilitate this shift, new business models and technologies are being developed for everything from battery manufacturing to the construction of charging infrastructure. As sustainability becomes a tphonepe appop concern, for example, businesses that specialize in battery recycling and second-life applications are growing in popularity. Also, EV owners are enjoying an improved user experience due to software and connectivity advancements, with features like over-the-air updates and smart charging solutions becoming commonplace. In addition to helping consumers, this change is opening up new business prospects for the sector.

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