As industrialized nations begin to devote serious attention to lessening dependence on oil, the electrification of the automobile provides a tangible and common-sense solution. Up to 70% of oil consumption in the United States is absorbed by the transportation sector, the bulk of which is from outdated, inefficient combustion engines. This situation necessitates significant change. Escalating energy costs are just one of the catalysts behind a market driven acceptance of electrification, as cost-conscious consumers align economic interests with environmental needs.