During the second quarter of 2019, US consumers bought around 4.4 million passengers vehicles. In 2016 only 0.9% of these cars were electric, now that number is up to 2.1%.
To understand what a shift to 100% electric might look like — and whether it’s even possible — we’ll need to understand the three core auto industries: making, dealing (selling & repairing), and fueling.
Finally, we’ll explore two hot topics that influence these industries: Consumer Demand and Executive Compensation.
In 2008, the US Government spent $80 billion of taxpayer money to bail out America’s “Big 3,” with promises that they would become more efficient.
Although they eventually returned all but $10 billion to taxpayers, they’ve failed to become more efficient: Most Americans today choose to buy cars from non-American companies, presumably because they’re better cars.
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