U.S. showing signs of greater shift to electrification

December 28, 2020

Tesla and Wall Street helped the United States in 2020 move the automotive industry needle towards greater electrification, with signs pointing to an accelerated shift in 2021, according to Autoblog. Investors, it says, have concluded that the ICE dominance is now headed towards a close, at least within a decade. And a push from China is influencing automakers like Tesla to build centres outside of traditional locations. “Only the most agile with a Darwinian spirit will survive,” said Peugeot SA chief Carlos Tavares. (Source: Autoblog) Read the original article.

About Todd Phillips

Todd Phillips is the editorial director of Universus Media Group Inc. and the editor of Canadian auto dealer magazine. Todd can be reached at tphillips@universusmedia.com.

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