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Car sales hit new record; smartphone replacing cash; more heat on PwC

FEAR & GREED | Business News

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The Rise of EVs

Multiple production levels have been ramping up as the semiconductor shortage eases and back-order books diminish. A big part of the reason for the surge last month is many vehicles were actually ordered last year, but they're only delivered in May. What's really promising is that there's a jump in all-buyer market segments, private business, government and rental. Michael: If we could get some service stations to charge a car in three or four minutes, the equivalent of petrol or diesel, then everyone would be buying it. I think that's probably the Holy Grail. Of course, if you mandate, like the US has, you're going to end up with a lot more

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