Electric Cars are having a breakthrough moment... Their arrival represents the biggest upheaval in the auto industry
PublishedThe auto industry is poised for some big changes in 2022. According to Jack Ewing and Neal E. Boudette at, “Battery-powered cars are having a breakthrough moment. … Their arrival represents the biggest upheaval in the auto industry since Henry Ford introduced the Model T in 1908.”
“Sales of cars powered solely by batteries surged in the United States, Europe and China last year, while deliveries of fossil fuel vehicles were stagnant. Demand for electric cars is so strong that manufacturers are requiring buyers to put down deposits months in advance,” according toFurthermore, “rapid growth could make 2022 the year when the march of battery-powered cars became unstoppable, erasing any doubt that the internal combustion engine is lurching toward obsolescence.
“It’s one of the biggest industrial transformations probably in the history of capitalism,” said Scott Keogh, CEO of Volkswagen Group of America. “The investments are massive, and the mission is massive.” Take Ford’s forthcoming F-150 Lightning EV pickup truck as a prime example of the industry’s transition to electric. “We’re going to be able to sell every one we can build,” says Hau Thai-Tang, Ford’s chief product platform and operations officer., “The biggest beneficiary — and the biggest threat to the established order — is Tesla. Led by Elon Musk, the company delivered nearly 1 million cars in 2021, a 90% increase from 2020.
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