A science journalist is preparing a data visualization on the growth of electric vehicles (EVs) over the last decade. In 2013, there were 500,000 EVs globally, and by 2023, the number grew to 12 million. If the growth is assumed to be exponential, what is the annual growth rate? Use the formula for exponential growth: \( N(t) = N_0 \times e^{rt} \). Calculate \( r \).

Mon, 04 May 2026 15:00:46 +0000

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