The blockchain market is currently riding on huge upside potential in the near term. The industry, which is expected to generate revenue of over $94.0 billion by the end of 2027, has catered to several sectors and customers. However, the downside to one of the biggest potential customers of the market could keep the growth prospect pressured. A potential stagnation in EV markets could see blockchain’s performance at stake.
Ford reports fallen EV sales, in line with a larger market
According to a report by Yahoo Finance, Ford’s electric vehicle sales suffered a setback in January. The situation resonates with other market giants which have also seen a slump in EV demand. As of now, the EV industry is seeing a slowdown in upcoming profits. The industry behemoth BYD Electronics has predicted a slower 2023 profit as compared to 2022. Even Tesla had jumped on the same bandwagon to say their short-term growth is currently dicey.
The blockchain-EV alliance
Currently, the EV car indust
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