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The Future of Automotive: A Shift Towards Electric Vehicles and Battery Recycling

The automotive industry is experiencing a swift transformation, with electric vehicles (EVs) taking center stage. According to projections, by 2030, approximately 23 million people globally will own electric cars. Leading this charge, General Motors has committed to ceasing the sale of gasoline-powered vehicles by 2035, while Audi aims to stop its production of internal combustion engine vehicles by 2033. This trend is mirrored across numerous major automotive companies, paving the way for a future where two-thirds of global passenger car sales will consist of electric vehicles by 2040, as noted by Bloomberg NEF.