Developers of electric vehicles are on a very steep learning curve. Advancements seem to be emerging almost daily—especially as they relate to the power source, which includes battery pack design, engineering and assembly.
In recent years, several factors have accelerated the growth of the emerging electric and hybrid cars market. Strict government regulations are obliging vehicle manufacturers to be involved in the electrification of their fleet. At the same time, financial incentives from governments are enticing consumers to buy electric or hybrid vehicles.