E-Mobility: A Sustainable Automotive Future

Executive Summary

The automobile industry of the 20^th century was dominated by western automobile manufacturers from the United States and other European nations. The Iconic American automobile manufacturer Ford Motors, led the revolutionary wave of vehicles powered by an internal combustion engine ("ICE"). However, with growing concerns over rising vehicular emissions which make up a majority of greenhouse emissions, governments and automobile manufacturers across the world are seeking to transition from using fossil fuel combustion vehicles to electric-powered vehicles. Within the next decade, automobile makers plan to invest up to $300 billion on electric vehicle ("EV") technology.¹ China which for decades played catch-up to German, Japanese and American automobile manufacturers is now positioned to lead the EV revolution and has transformed itself into the world's largest EV market.²