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Impact Of EVs On The Automotive Industry 

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Shifting demand for components

As EVs require different components than traditional internal combustion engine (ICE) vehicles, the shift towards EVs is changing the demand for certain components.

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Disruption of supply chains

As the demand for certain components changes, the supply chains for automotive manufacturing are also being disrupted.

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New competitors

The shift towards EVs is also bringing new competitors into the automotive industry. Companies that specialize in electric powertrain technology, battery production, and charging infrastructure are entering the market and competing with traditional automakers.

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Environmental regulations

Governments around the world are implementing environmental regulations to encourage the adoption of EVs and reduce emissions from the transportation sector.

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