How prepared are global markets for an EV transition?
It’s no secret that the global light vehicle market is in the throes of a transition towards cleaner, greener, electric drivetrains and away from over 100 years of ICE power. A secular shift is underway, driven by the pressures of legislation, concerns over sustainability and the concomitant shift in OEM strategy, reduction in battery costs, wider availability of EV models and increased consumer demand.