Powertrain electrification is one of the most important strategies of every OEM in achieving the long-term goal of carbon neutral mobility. OEMs, such as BMW and Renault-Nissan, are using a strategy of having BEVs and eREVs in their portfolio to help them reach their target, while other OEMs, including Daimler and Toyota, have PHEVs and full hybrids to help them achieve the 2020 target. Every OEM is working on powertrain electrification as a main strategy to achieve their CO2 targets, irrespective of the vehicle segment and volume. Frost & Sullivan analysis shows that an OEM with 120 g/km average CO2 emissions could cut down by 8 to 10 g/km by 2020-2021 through electrification alone using the right mix of PHEV, FHEV, and BEV in their fleet. The lack of charging models will keep the uptake of PHEVs and BEVs low in the medium term. By 2020, PHEV and BEV are expected to sell a little more than 600,000 units.