"Challenges and Controversies Surrounding the Rapid Shift to Electric Vehicles"

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Source: Fox Business
"Challenges and Controversies Surrounding the Rapid Shift to Electric Vehicles"
Photo: Fox Business
TL;DR Summary

Former auto industry executives Bob Lutz and Bob Nardelli criticize the handling of the electric vehicle (EV) push, stating that it happened "too soon and too fast." They argue that the focus on EVs should have been preceded by an emphasis on hybrid vehicles and that the forced transition to zero emission transportation in the U.S. has been mishandled. They also express concerns about the impact on the car dealership experience and the potential challenges posed by China's growing presence in the EV market. Despite the criticism, they acknowledge the inevitability of a gradual transition to EVs, with Lutz predicting that EVs could represent about 25-30% of the market in the next 10 years.

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