Playbook #038: Electric Vehicles
🖼️ The Big Picture
The race is on. Tesla started the trend, but now major auto brands from GM to Bentley to Ferrari have been announcing massive investments in Electric Vehicle technology, with many stating an intention to be fully electric by 2030.
Plus, startups around the world are creating competition in every type of vehicle, from daily drivers to sports cars and pickup trucks. The next 5 to 10 years will be an incredibly exciting time as the automotive and transportation industry undergoes the biggest transformation since evolving beyond the old horse and cart.
The government is investing in charging stations across the country to make local and long-distance trips accessible and convenient. The time is now, and the demand is there. The only question is, which companies will emerge as the leaders in this new world of electric cars, and which won’t make it?
To make things even more interesting, there are major supply issues affecting everyone. So it’s not only about who can build and sell the best car… It's also about who’s the strongest operationally.