Electric vehicles could be cheaper than our current batch of cars as soon as 2025, and more than half of all new cars sold will be plug-in models by 2040. But are carmakers and auto suppliers truly ready for this monumental transformation?
The market for artificial intelligence know-how is so hot that small firms, sometimes with no products, are attracting investment from corporate giants that simply want access to programmers and a pipeline to the latest research.
California requires automakers to sell electric and other non-polluting vehicles in proportion to their market share — and if they don’t sell enough, they have to purchase credits from competitors to make up the difference. Not many folks are happy.