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...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now