It’s possible that you haven’t been paying attention, but the automotive industry is in a significant paradigm shift right now. A change toward electric vehicles will usher in a new era. Whether you like it or not, every major carmaker has lofty objectives of electrifying at least half of their product lines by 2030. This is true regardless of whether you like it or not. Because of legislation that has already been passed, the sale of new internal combustion engine (ICE) vehicles will be illegal in California and New York by 2035. This is good news if you believe that switching practically all new automobile sales to electric cars will improve the environment. However, there is a problem with the infrastructure that manufacturers need to address, and many of them are now looking to Tesla’s competitors for assistance.

 

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