IKE THE move from horse-drawn carriages to contraptions powered by internal-combustion engines, the migration from cars powered by fossil fuels to electric vehicles will have a profound effect on personal transport. Covid-19 caused a 20% drop in global light-vehicle sales in 2020, to about 70m, but they will pick up in 2021. And, led by China, the proportion of vehicles powered by batteries will grow quickly.
The surging share price of Tesla, now the world’s most valuable carmaker, provides a big incentive for incumbents and newcomers to catch up. Tesla may lead in battery technology and software, but to make those advantages stick it must prove that “production hell” is behind it. The firm’s boss, Elon Musk, dreams of making 20m cars a year; in 2019 he made 370,000. Scaling up manufacturing has caused Tesla its biggest headaches.
Pivoting from mechanical engineering to developing software and providing the mobility services that customers will increasingly demand is not the only challenge. Incumbents must also wind down investments in combustion-engine technology and make the alliances needed to catch up on batteries and software. Expect more joint ventures and investments in startups, as they try to share costs, shift away from petrol power and bring in new thinking.
How do you see the End game play out?
Joe Biden wants a FINANCIAL CONTRIBUTION from ALL car manufacturers, oil industry & Insurance companies to the MAINTENANCE & SECURING (pedestrian-cyclist) of PUBLIC ROADS paid by taxpayers.They alone have allowed the growth of these industries with dividends EXCLUSIVELY private
Tesla - a manufacturer of expensive electrical toys for self-righteous rich people
Write software is not hard, secure it is. Just ask Microsoft. I won't trust my or other's life with iot cars, the reason I skipped Tesla. Call me paranoid, because I am
It's amazing how LITTLE-- in a truly competitive EV market such as Europe's-- the average electric car buyer cares about Tesla's 'software'...
What a powerful headline: learning how to write software. Better one would be how to design or architect software.
Clean green vehicles
What generates electricity? Power Stations. What powers power stations? Fossil fuel. Electric cars are the biggest con going and the PR about them is lies. Plus, they're expensive and the infrastructure just isn't there to keep them charged.
No more gas ⛽️ stations 🚉
To many super quick charging and at least 300 Miles guaranteed are essential to switch
You know that electric cars don’t have engines, right?
Anybody but Tesla
90% of news about covid and trump
brave NEW ORDER! GO ON.
wow
You may find that astute designers had gotten that. Long ago.
That’s a recipe for an increase in the cost of auto insurance claims, therefore higher rates.
👉WELLS FARGO reported BUYING BITCOIN now is similar to the 1850's GOLD RUSH! 🙊And, in the MIDST of a BITCOIN SUPPLY SHORTAGE, Microstrategies INC is putting a $400 MILLION dollar purchase order together to buy MORE BITCOIN! They already have $475 million invested! 🔥BITCOIN!🔥
just wait until the materials shortages hit
While VW was busy defrauding their customers elonmusk was busy doing real work
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