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The outbreak of the COVID-19 pandemic has not solely affected the lives of the individuals but in addition impacted the world economic system, thereby resulting in the global financial disaster. Many of the manufacturing actions worldwide have been affected owing to shutdowns caused by this pandemic. A lot of firms have shut down their manufacturing plants and are working on bare minimum capacities. The scarcity of workforce, provide chain constraints, and delays within the renewable building projects are directly impacting the commissioning of and renewable tasks.

The demand for RWD EVs has been on the increase throughout all regions, notably across Asia Pacific and Europe. This is due to its easier automobile management and rising demand for these autos. North America additionally has seen a quicker development in these automobiles with Tesla Mannequin three Normal version, BMW i3, Volkswagen ID4, Porsche Tycan, etc. main the market. In the coming decade, the expansion of RWD EV’s will be highest in MEA resulting from its newer market and principally throughout Asia Pacific. The Wuling Hongguang Mini EV which made an enormous splash within the EV market in 2020 is also an RWD well-liked throughout Asia and Europe.