Too late, legacy automakers across the globe are undergoing demanding examinations of their business models.
Zero emission electric vehicles play a central role in radically cutting carbon dioxide emissions. As the dominance of internal combustion engine vehicles wanes, legacy automakers are negotiating an existential transition. After all, they’ve been entrenched in decades of ICE production, and they need to pivot — quickly. Their adaptability is crucial, yet many automakers continue to publicly express suspicion about the move to all-electric transportation.
With the Model 3’s success, it seemed that the next step would be for legacy automakers, who possessed decades and decades of experience and scale, to enter and eventually dominate the battery electric marketplace. That
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