Business Wars

Best of Business Wars Daily | Electric Vehicles Shock the System | 5

7 snips
Mar 31, 2022
Join Insider editor Alex Davies, author of "Driven," and comedian Josh Gondelman as they dive into the booming electric vehicle market. They explore the fierce competition between traditional automakers and Tesla, highlighting General Motors' ambitious $35 billion investment in EVs. With a mix of humor and insight, they discuss the future of transportation, the challenges facing Volkswagen, and the cultural shifts toward electric trucks like Ford's F-150 Lightning. Expect laughs along with serious talk about the automotive industry's electrifying transformation.
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INSIGHT

EV Market Growth

  • The electric vehicle market is growing, but it's still a small part of the overall market.
  • Traditional automakers are entering, creating more competition for Tesla.
INSIGHT

Toyota's Resistance to EVs

  • Toyota, known for the Prius, is resisting the rapid shift to EVs.
  • They've invested in hydrogen fuel cells, which are now less competitive than battery EVs.
INSIGHT

GM's Big Bet on EVs

  • GM's $35 billion EV investment is a substantial commitment to the technology.
  • This signals GM is fully embracing electric vehicles.
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