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An EV is an automobile powered either by batteries or other energy storage devices. These vehicles offer the advantages of being environmentally friendly and energy efficient. US is considered to be one of the major consumers of EVs. Owing to rising environmental concerns and increasing greenhouse gas emissions, various state governments in the US are providing incentives for the adoption of EVs.

Industry analysts forecast the EV market in the US to grow at a CAGR of 24.02% over the period 2014-2019