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The EV Race is on, but is the Auto Industry Ready for It?

September 29, 2017

Electric vehicles could be cheaper than our current batch of cars as soon as 2025, and more than half of all new cars sold will be plug-in models by 2040. But are carmakers and auto suppliers truly ready for this monumental transformation?

The era of mainstream electric vehicles (EV) is gaining momentum, as evidenced by the number of auto manufacturer announcements touting plans to introduce new, high-volume EV models. If EVs are on the verge of moving into the mainstream, the measure of success for automakers and suppliers will lie in whether they are fully prepared for the most significant industry shift in 150 years.

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