This report provides an executive summary of the challenges and opportunities within the electric vehicle (EV) industry. It begins with an introduction to EVs and their growing importance, then delves into key issues such as battery costs, electricity charges, charging times, and battery longevity. The report explores potential solutions to these challenges, including faster charging methods, government incentives, and wireless charging technologies. It identifies and analyzes stakeholder engagement, highlighting the roles of government, manufacturers, and consumers. Furthermore, it examines various stakeholders, including government agencies, employees, investors, and customers, and outlines their respective requirements for EV development and adoption. The report concludes by emphasizing the importance of addressing these challenges to foster the continued growth and success of the EV market. This report provides a comprehensive overview of the current state of the EV industry.