Source: CNBC
Summary
Electric vehicle (EV) sales have increased globally, but the U.S. market has lagged behind. According to a report, every region except the U.S. has seen a surge in EV sales, posing challenges for both established and new automakers. The report highlighted the risks for companies that fail to adapt to the changing market. CNBC reported that some automakers are struggling to keep up with the shift towards electric vehicles.
Our Reading
The announcement sounds ambitious.
EV sales are up everywhere except the U.S. because, apparently, America is the only place where people still love their gas-guzzlers. The report says legacy and startup automakers are at risk, which is just code for “some companies will inevitably get left behind.” It’s not like we haven’t seen this movie before. The real question is, how long will it take for the U.S. to catch up with the rest of the world?
Author: Evan Null
