Electric cars are less than 1% of the market. Yet automakers are pushing them big time. Why? - News Summed Up

Electric cars are less than 1% of the market. Yet automakers are pushing them big time. Why?


So, on one hand, the market share for electric cars is minuscule. On the other, big automakers are aggressively pushing their electric cars. “Electric cars are the cars of the future,” he said. Now the world’s largest motor vehicle market, China is also the world’s largest and fastest growing market for electric cars. Automakers from Europe, Japan, the U.S. and Korea want in to the China market, and also need to be prepared if China manages to export cheap electric cars of sufficient quality.


Source: Los Angeles Times November 14, 2016 17:03 UTC



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