The shift from the internal combustion engine to batteries and electric motors is, in automotive terms, monumental. But, there is no denying that it’s a challenge that manufacturers and suppliers are tackling head on.
Faced with new regulations to help reduce global carbon emissions, original equipment manufacturers (OEMs) had no choice but to shift focus away from diesel and gasoline to batteries. Almost every OEM has now gone public about their plans for electric vehicles. That paradigm shift has piqued the interest of both traditional motor manufacturers and a handful of startups developing new technology.