Automotive Industry Charging Ahead With Electric Vehicles
12 Jun 2019218 KB
The automotive industry is gearing up for a revolution – the electric vehicle (EV) is very much on the rise and set to transform the entire automotive industry over the next decade. EV batteries are expensive and difficult to make, and car makers are scrambling to secure supplies of batteries to enable the ramp-up in sales. The Lithium-ion battery still leads the way in EV production, and commercial interest is funding significant amounts of research and innovation to increase capacity, reduce charging time, improve safety and reduce cost. Carmakers who have not invested in EVs need to get on board soon to prevent them from being left behind.