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His program calls for industries focused on a green economy and the need to modernize the automotive industry with hybrids. EV sales for the first half of 2022 from Brazil, Chile, Colombia, Ecuador, Mexico, and Peru showed a growth that was driven by a number of factors, including government incentive programs and the cost of fuels.
And most of this growth about 85% is coming from emerging and developing economies. While emerging and developing economies are set to drive the large majority of the growth in global electricity demand in the coming years, consumption is also expected to increase in many advanced economies after a period of relative stagnation.
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