JUNE 2020AUTOTECHOUTLOOK.COM6Over the past few years, the automotive industry has witnessed a gradual shift from traditional gasoline-powered vehicles to electric vehicles (EVs) with increasing technological innovation. As energy-independence and environmental stewardship become more critical to people, EVs are gaining more traction in the market due to the increase in demand for fuel-efficient and low-emission vehicles with high-performance.Besides, the emerging trend of reduction in vehicular emission due to stringent rules and regulations in various countries alongside the growth of public charging infrastructure is also fueling the market growth. According to a report published by Allied Market Research, the global electric vehicle market size, which was valued at $118,864.5 million in 2017, is projected to reach $567,299.8 million by 2025, growing at a CAGR of 22.3 percent from 2018 to 2025.Apart from features like immediate torque, silent ride, and premium performance, EVs also have zero carbon emission and reduced Li-ion battery cost, which results in lower fuel costs. Moreover, proactive government initiatives and technological advancements in electric vehicles are expected to unfold various opportunities for system integrators and vehicle manufacturers in the future.EVs are giving a new vision to mobility that dwells on user experience. Customers are inclining toward EVs as it is affordable and offers a life-time experience driven by a combination of radical technology and remarkable design. Comprehending the rising demand for EVs, various organizations have come up with cost-effective and accessible EV solutions that are proficiently complementing the industry.In this scenario, to bring out a comprehensive picture of the EV solution providers and the recent developments in its advancements, we present to you insights from industry leaders and key disruptors.Let us know your thoughts.EDITORIALRedefining Commutation to Establish Sustainable GrowthCopyright © 2020 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffClaire Jonathan David CarterOlivia HarperSurajit Narayan DekaVisualizersSalesjessica@autotechoutlook.comManaging EditorLester D'Souza*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffLester D'SouzaManaging Editoreditor@autotechoutlook.comJune - 22 - 2020 Volume 03 Issue - 05Published by ValleyMedia, Inc.To subscribe to Autotech OutlookVisit www.autotechoutlook.com Email:sales@autotechoutlook.comeditor@autotechoutlook.commarketing@autotechoutlook.comAsher Blake
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