In this post, Maryann Keller, principal of MK&A, explains that electric vehicles are the most imminent threat to the global automotive industry. Electric vehicles, which require less investment capital and expertise to assemble than ICE vehicles, also contain commoditized parts that are available to almost any EV startup. Maryann also explains that China is the biggest winner as EV penetration grows.
Maryann’s post can be read at the link below:
*Photo Credit: Photo Caption: A vehicle from electric-car maker NIO sits outside of the New York Stock Exchange. Photo: Drew Angerer/Getty Images