After dominating the world’s roads for more than a century, the era of internal combustion engines (“ICE”) is poised to end. In a bid to arrest the effects of runaway global warming, several countries have pledged to replace traditional vehicles with zero-emission electric vehicles (“EVs”) over the next decade. EVs currently comprise only a small portion of vehicles bought every year, with high costs and insufficient public chargers holding back mass EV adoption.
According to the International Energy Agency (“IEA”), however, there will be around 145 million battery electric vehicles (“BEVs”) in the world by the end of the decade. If governments around the world dedicate their resources towards achieving international energy and climate targets, electric vehicle…
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