The high level of confidence that automotive industry leaders have in the future of electric vehicles (EV’s) has been on full display recently.
In just the past few weeks:
- Tesla’s Model 3 started to roll off the assembly line
- Daimler announced a $740 million investment to produce EV batteries in China
- Cummins noted it would have a fully electric truck platformavailable by the end of 2019
- Lyft pledged to provide a billion rides a year powered by electricity by 2025
- Porsche set a 2023 target for having 50 percent of its production be electric vehicles
- Volvo Cars announced that “all the models it introduces starting in 2019 will be either hybrids or powered solely by batteries”