The automotive industry is one of the largest industries in the world, producing about 90 million vehicles and generating about three percent of global GDP per year. As one of the largest clients of other industries such as steel, chemicals and electronics, the automotive industry has a significant impact on several economic sectors. At the same time, the transportation industry, intricately linked to the automotive sector, ranks among the foremost contributors to global CO2 emissions. The shift to electric vehicles and other alternative propulsion systems is expected to substantially reduce this impact in the coming years.