In the past week, the world’s biggest automotive companies have undergone their quarterly check up with investors. The results aren’t good: In fact, the financial statements show them bleeding out.
The source of their pain? Electric vehicles, or EVs.
Sales of all-electric models have uniformly declined across the West, including at General Motors, Renault and EV giant Tesla. But, far from a death rattle, the sales slump is more a brief stop of the heart before the paddles bring the EV shift back to life.
Read Full Article »
