It’s no surprise that sensitivity to fuel costs and a growing desire for energy independence are driving innovation in electric vehicles. Similarly, these factors are creating increased interest in electric farming equipment.

Power outages can be more than a minor nuisance. Extreme weather can knock out the electric grid for days to weeks at a time.

As the economy continues to recover from the COVID-19 pandemic, the energy sector is still experiencing lingering impacts to fuel markets and sources for power generation. In the coming years, however, the industry is expected to normalize to recent trends and the pre-pandemic trajectory.