The electric vehicle revolution has turned out to be more of an evolution, with the industry making slow and steady progress. Despite this progress, the electric vehicle industry is still yet to turn a profit as a whole. The next major step for the industry is to focus on efficiency and profitability, the two factors that will most impact the EV market share. Many believe electric vehicles are the only future of road transportation. Equally, many are confident they will never replace internal combustion engines—not entirely, anyway. The so-called EV revolution, with sales of electric cars going through the roof and overtaking the sales of ICE cars, has failed to materialize. What the EV industry has instead been going through has been more stable and reliable: an evolution. During this evolution, cutting battery costs and extending the range have been the two focal points of the EV industry. Now […]