A global electric vehicle outlook report published in 2013 suggested that the goal of 15 countries that are part of the Electric Vehicles Initiative is to have 20 million electric vehicles on the road by 2020.

The report states that, as countries seek to address future energy requirements, achieving sustainable transport has emerged as an important mission. Electric Vehicles have emerged as one of the most promising solutions to increase energy security and reduce emission of pollutants.

Ford Motors‘ announced on December 10th that it will invest an additional $4.5 billion in electrified vehicle solutions by 2020 to answer the increasing global trends calling for cleaner and more efficient vehicles. Although the cars segment in North America along with Lincoln cars and SUVs accounts for less than 10% of Ford?s valuation, as per our estimates, focusing on trends which will drive the industry in future will ensure that Ford maintains its market share in this segment.

Read more: Forbes