Question 23 (3 points) Read the passage below and answer the following question. Expected growth in oil prices will likely keep demand high in the EV manufacturing industry as more consumers switch to hybrid and electric vehicles. Consumers are also expected to be increasingly interested in products that are perceived as environmentally friendly, further supporting industry demand. Companies will likely continue to introduce new vehicle models to capture consumer interest, while corporations also increase campaigns to reduce carbon footprints. Additionally, the industry's growth will likely be boosted by an increase in demand for electric vehicles that tout improved fuel economy, while being sold at a competitive price. Which of the following statements are most likely accurate? I Electric vehicle industry revenue is expected to rise II Sociocultural trends are presenting opportunities for EV manufacturers III oil prices are expected to decline significantly I only I and II only I and II ill only .. d