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SINGAPORE (Aug 17): With all the global hype surrounding American electric car maker Tesla this year, it’s no wonder industrial and automotive players are beginning to foresee a long-term race to build vehicles of the future.

Schroders anticipates the growing prominence of electric vehicles in the auto production mix as demand increases and electric car prices decline in the years to come.

To Daniel McFetrich, Global Sector Specialist - Industrials, addressing power-related concerns is necessary in boosting customer willingness to purchase and use such vehicles. The main worry for drivers of electric vehicle is “range anxiety”, a term used to describe fear that the vehicle will prematurely run out of power.

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