Automakers #4 Through #7 & Their Electric Vehicle Plans
Tesla has busted open the mainstream electric vehicle market. The problem is, approximately 17 million passenger vehicles are sold per year in the USA, the number globally is around 100 million, and there’s no way in the netherworld Tesla could produce 10 million cars per year on its own by 2023. Even 2025 seems idealistic (but I would love to be proven wrong). Yes, Chinese automakers are ramping up electric vehicle production faster than automakers in the US and Europe, but they aren’t taking over the world anytime soon.