Tuesday, October 4, 2022

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Electric Vehicles Are Here to Stay

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Electric Vehicles or EVs are here to stay and many legendary automakers, such Ford and GM, will be 100% EV by 2035, with GM to deliver 20 new EV models by 2023. Volvo and Bentley will be 100% EV by 2030 and Jaguar by 2025. Tesla is the first startup to provide 100% EV from day one, in 2000. Other EV start-ups, such as Rivian and Lucid Motors are gaining momentum. Faraday recently went public when it merged with Property Solutions Acquisitions under the ticker: PSAC. There is an investigation on the merger, but once that clears, it could really take off.

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