Global automotive manufacturers have recently announced production targets for electric vehicles over the next years that will lead to a significant ramp-up in the post-2020 period. With a global shift to new energy vehicles, automakers want to ensure that they remain current, which has allowed the industry to make bold announcements around product road maps and sales targets. The targets being released by automakers are very drastic compared to current global electric and hybrid production figures.
Of course, major automakers want to make bold statements to seem current and relevant, so it is best to