Sparks are (still) flying… Despite production delays, EV investment isn’t going anywhere. This week Ford doubled down on its electrification plans. Supply shortages (think: chips, lithium) have eaten into sales across the industry, but Ford has fared better than its rivals:
Your e-truck’s on back order… but you can still buy a charger. EV sales hit nearly 7M last year, tripling their market share from two years ago. Because automakers can’t crank out EVs fast enough, they’ve found other ways to invest in an electric future:
The electric revolution is underway… but the road ahead is long (and probably won’t have enough charging stations). Although demand for electric cars is growing faster than expected — $6 gas will do that — EV production could lag behind for years on prolonged chip and material shortages, plus slow infrastructure development (think: few chargers). Since automakers can’t manufacture EVs any faster, they’ve shifted their focus to manufacturing future EV customers, by creating convenient charging stations and battery options.