·Electric Vehicle Adoption Analysis:

Conduct a comprehensive analysis of the factors influencing the adoption of electric vehicles (EVs) in the automotive market. Your analysis should include:

• An overview of the current market trends and growth projections for electric vehicles.
• Analysis of the environmental benefits, government incentives, and technological advancements driving EV adoption.
• Evaluation of the challenges and barriers to widespread EV adoption, such as infrastructure limitations and consumer concerns.
• Comparison of the total cost of ownership (TCO) between electric vehicles and traditional internal combustion engine vehicles. (Figures provided below)
• Recommendations for policymakers, automakers, and consumers to accelerate the transition to electric vehicles.

Total Cost of Ownership Comparison (over 5 years):

• Electric Vehicle: $30,000
• Internal Combustion Engine Vehicle: $35,000

Requirement: Present a detailed report outlining the opportunities and challenges associated with the adoption of electric vehicles, along with actionable recommendations for stakeholders.