Due to the rise in gasoline prices and government-issued incentives, there is a growing demand for electric vehicles (EV) and hybrid electric vehicles (HEV). To lessen reliance on crude oil and lessen car emissions, governments in many different nations are promoting the use of e-mobility. Tesla Inc., an American manufacturer of electric automobiles, declared in 2020 that they would switch from their customary nickel-based batteries to LifePO4 batteries.
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