For most manufacturing firms 2009 has been a volatile year, large organisations that were once thought to be recession proof have been introducing large scale redundancies across-the-board. Although some European countries have already exited the recession, the UK remains firmly in the period of negative growth which constitutes a recession. Some analysts believe that the UK will not fully start to recover from this period of economic instability until at least the 3rd quarter of 2010.
While US automotive giants and their more traditional Far Eastern counterparts continue to grab the headlines, with regards to electric vehicles, it seems the Chinese government is behind a major push across the country. There is growing optimism within China that electric vehicles will become commonplace across the world and as such hundreds of millions of dollars have been released by the Chinese authorities to encourage momentum in this market.