The EV Question for Auto Executives: How Fast to Make the Shift?

The EV question for auto executives is: How quickly should they make the shift?

Weeks after Tesla slashed prices on a number of its models, Ford Motor dropped the price of its electric Mustang Mach-E. WSJ auto reporter Nora Eckert compares the auto makers’ strategic moves and explains what this means for the industry. Photo illustration: Josephine ChuMost car executives agree that a transition to electric vehicles is inevitable. How rapidly to make the switch is a central question, one that is driving divergent strategies.

Traditional auto makers have pledged to gradually transform their vehicle lineups to EVs, but timelines vary. If car makers get ahead of consumers on EV rollouts, that could inflate their costs and hurt sales of gas-powered vehicles, profits from which are needed to fund investments in electrification.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

5th-grade student’s exam question has left adults stumpedOne sibling has been left scratching their head at their younger brother’s Year 5 math exam. The question, shared to Reddit, asks students to figure out how many pages are in a book. “Klein read 30…
Read more »

The fate of dollar-pegged stablecoins in question: Law Decoded, Feb. 13–20How will the shutdown of Paxos Trust affect the stablecoin ecosystem? Find out about this and other stories in our latest Law Decoded.
Read more »

Professor fired for shocking quiz question about incest: ‘Highly objectionable’This professor really put them to the test.
Read more »

Justin Moore remains the big question mark when analyzing Villanova’s 2023-24 roster outlookDaily News | Justin Moore remains the big question mark when analyzing Villanova’s 2023-24 roster outlook
Read more »

The West Is Avoiding the Big Question About UkraineColumn: Until the U.S. and allies decide what victory looks like for Kyiv, Europe isn’t likely to have peace.
Read more »

Missing Woman Nicola Bulley Coverage Prompts U.K. Media Watchdog to Question Sky, ITVU.K. media watchdog Ofcom has written to broadcasters Sky and ITV regarding their coverage of Nicola Bulley, a woman who went missing in Lancashire while walking her dog last month. Bulley’s …
Read more »