Post-Covid-19, electric cars will still be in demand
For car companies, there will be a lot of potential in leveraging their EV, autonomous driving and grid-related software
New York — For companies trying to make it through the pandemic, pivoting and repurposing has been crucial to retaining business. But can that happen for carmakers?
Investors are focusing on the idea that we need to think of cars as more than just a vehicle, to keep selling them in a post-coronavirus future. There’s no turning back on the momentum towards electric vehicles (EVs) as carmakers have already invested billions of dollars in new models yet to hit the market. But the young sector has suddenly run into speed bumps: a pandemic that is slowing car sales overall and an oil price drop that reduces some of the incentives for would-be EV buyers...