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Governments and major manufacturers are investing heavily in electric vehicle (EV) technology. However, high costs, limited efficiency, and public acceptance issues pose significant challenges to widespread adoption.
This report explores the potential of EV retrofitting as a viable strategy for GGGI Members, focusing on market dynamics, technological advancements, economic impacts and policy considerations.
It provides insights into how retrofitting can offer a cost-effective, adaptable solution for green transportation, and outlines key measures needed to support its growth.