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A pivotal strategy to address the implications of this 7% of passenger vehicles is the promotion of carpooling and shared mobility solutions. Encouraging families and individuals to share rides can help reduce the number of vehicles on the road while providing an efficient transportation option. Many cities are beginning to implement incentives for carpooling, such as high-occupancy vehicle (HOV) lanes, which prioritize vehicles carrying multiple passengers over single-occupancy ones.


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China has become a powerhouse in the production of new Chinese EV models, which has had a global impact on the cost and availability of electric vehicles. Chinese automakers, such as BYD and Li Auto, have leveraged government support and economies of scale to produce new energy cars at competitive prices. These vehicles often come equipped with advanced EV power solutions at a fraction of the cost of their Western counterparts. As more new Chinese EV models enter the global market, the competition will drive down prices further, making electric cars more accessible to a broader audience.

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