The share of electric vehicles (EVs) in passenger car fleets has seen steady annual growth, almost doubling from 2021 to 2022 and reaching a global share of 2.1%. The increase in EV adoption is significant, given the longstanding dominance of traditional passenger vehicles spanning 120 years. This increase, which started from a negligible share in 2010, is largely attributed to increasing awareness of transportation's environmental impact and rising gasoline prices, which escalated by 49% for regular motor gasoline and 55% for diesel fuel from January to June 2022 in the US. In 2023, the momentum continued, with 14 million EVs sold globally. Government incentives, like the US's $7,500 tax credit on EV purchases, have played a significant role in making EVs more financially viable for consumers. The EU applying stricter regulations on gasoline vehicle emissions, driven by their aim to reach climate neutrality by 2050, is expected to further increase the adoption of EVs. Investments in charging infrastructure, such as the US's NEVI program, are also on the rise. The sustained growth of the EV market makes it necessary for collaboration among policymakers, manufacturers, and utilities for its continued growth.