Why Electrified Vehicle Sales Are Soaring While Gas Engines Refuse to Fade

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Why Electrified Vehicle Sales Are Soaring While Gas Engines Refuse to Fade

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The automotive world is in a completely different shape as consumers are confronted with a wide choice of technologies vying to become the standard in the automotive industry. With its growing variety of electrified models and new model availability, the battery electric and new advance gasoline-electric versions are gaining record market share worldwide based on the changing consumer preference. However, with all this power on the electric wheels, it's little surprise that some good old ICK engines still fill up quite a bit of space on factory floors and dealership lots. This complex marketplace dynamics drives the industry to run two parallel tracks – with state of the art battery arrays to cover the high demand from consumers, alongside the time-tested pistons to satisfy lower demand of the same consumers.