Why The Survival Of Traditional Carmakers Is Far From Certain
In theory, nobody knows more about making cars than the traditional internal-combustion-engine (ICE) carmakers, and so EVs made by these companies should be the ones busying our streets a decade from now. But the transition from ICE cars to EVs is not just a technological shift within a domain, like the transition from two-wheel-drive sedans to four-wheel-drive SUVs. This is a radical shift into a new domain and the success of ICE car manufacturers in this new domain is anything but guaranteed.