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Global electric car sales March 2022 - Up 60% YoY reaching 15% share. China sales up 118% YoY to 26% share. Europe sales were up 10% YoY to 22% share.
EV market news - Biden invokes Defense Production Act to boost EV battery production. Electric car sales soar despite ballooning battery costs.
EV company news - BYD discontinues production of fuel vehicles as it shifts entirely to NEVs. Tesla opens Texas Gigafactory. Ford celebrates as production begins for F-150 Lightning trucks.