Abstract
The growth of electrical vehicles (EVs) in the automotive industry has been slower than global research centers expected. However, most forecasts show increased EV adoption in the future due to the quick drop in battery price and the expected increasingly efficient electric charging infrastructures. Surprisingly, reports also predict that EVs will be less expensive to manufacture than a gasoline-fueled internal combustion engine (ICE) by 2030. It is certain that Chinese and U.S. markets will lead the transition from ICEs to EVs.
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