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The EV Apocalypse: Which Automakers May Not Survive the Electric Revolution
As the electric vehicle (EV) market continues to evolve, the path to electrification is proving to be a difficult one for both legacy automakers and EV startups. According to a recent analysis by Autoblog, there are many auto brands that may not survive the transition to electric vehicles.
Legacy Automakers Struggle with the Shift
Legacy automakers, such as Ford, Lincoln, Chrysler, Dodge, and Ram, are saddled with traditional ways of operating. They already have full-fledged gas-powered car models that generate profits, which provides them with a revenue stream to invest in EV production. However, their legacy operations make it more challenging for them to fully commit to the changes necessary to produce EVs in the most efficient and effective way.
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