Traditional combustion engine vehicles account for about 14% of the world’s greenhouse gas emissions’, and dating back to the days of Henry Ford and the Model T, they have had a virtual monopoly on the automobile market.
Now after many years of fi ts and starts, the Electric Vehicle (EV) market is showing signs of coming into its own. Electric vehicles use energy stored in rechargeable batteries, which are recharged by common household electricity. Unlike a hybrid car—which is fueled by gasoline and uses a battery and motor to improve effi ciency—an electric car is powered exclusively by electricity.