The hype around electric vehicles (EV), created largely by players such as Tesla, continues. It is worth noting that almost one in two of the world’s electric vehicle sales takes place in China. It is safe to assume that the drive for electrification will intensify in 2018. This also fits into the overall economic objective of obtaining a higher global market share year-on-year by ensuring that the manufacturing sector is closely aligned with global trends. The electrification of the global automobile industry is a stated objective of most governments.
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