EVs and the auto industry: Why electrifying existing fleets is not enough

It’s safe to say that the electric drivetrain is here to stay. After a century or so in the making, the technology is now very close to becoming mainstream. Granted, it will still be a few years until it reaches real, mass-market breakthrough, which is widely expected by 2025, but several challenges around battery technology, infrastructure and cost remain.

Demand for electric vehicles (EVs) is rising – driven by environmental concerns, tougher regulation, subsidies and, of course, the pioneering work of firms such as BYD, Nissan, and Tesla. At the same time, the costs for electric drivetrain technology are falling: some projections state that EVs will become as cheap as cars with internal combustion engines (ICEs) as early as