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The 7% growth rate typically refers to the annual increase in sales of passenger vehicles in a specific market or segment. This steady growth suggests that consumers remain keen on purchasing new vehicles, a trend fueled by various factors. One of the main contributors is the increasing demand for fuel-efficient and environmentally friendly vehicles. As concerns about climate change and air pollution mount, many consumers are leaning towards cars that offer better fuel economy or have alternative powertrains, such as electric or hybrid vehicles.


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The successful integration of electric heavy-duty trucks into the transportation ecosystem hinges upon the development of robust charging infrastructure. Governments and private sector entities are increasingly recognizing this need, leading to the establishment of charging stations that facilitate long-haul routes. Initiatives like the installation of high-power charging stations along major freight corridors and incentives for fleet operators to transition to electric vehicles are gaining momentum. As charging infrastructure expands, it will alleviate the range anxiety associated with electric heavy-duty trucks.


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