ABSTRACT
Electric vehicles are by no means a new or relatively new phenomenon. When cars were first invented, there was a debate as to whether the gasoline-powered or electric car would prevail. The first electric car was invented in 1890, and by 1900 electric cars made up a third of all vehicles on the road. There is no doubt that interest in electric vehicles is growing. Sales are now growing exponentially, along with the number of options available for electric vehicles. Electric vehicles are very expensive in comparison to their gasoline-powered counterparts – and that is primarily due to the high cost of their batteries. In 2010, the US, China, Japan, the UK, and South Korea, among other countries, decided that batteries "were the next big thing in the global economy". Every country wanted to create a super-battery. There are many opportunities to invest in batteries nowadays, and people are taking advantage of them.
