The automotive industry, buffeted by growing uncertainties due to the pandemic-related economic slowdown across the world, faces other challenges such as sourcing raw materials. According to the Atlanta-based risk data analytics firm Vertaeon LLC, the automotive industry is currently under regulatory pressure to reduce its CO2 emissions per mile, sparking a massive manufacturing transition to electric vehicles (EVs). The EV passenger car market is expected to enjoy robust growth globally in the coming decade.
