JEAN PIERRE VERSTER: Electric vehicles are the new big thing, but tread carefully
The electric vehicle scramble is here, but which carmakers are likely to prove victorious in this race?
Battery electric vehicles (BEVs) continue to gain market share globally. In China, BEVs are now consistently more than 20% of overall monthly passenger car sales.
In Norway, more than 80% of car sales year to date are BEVs. In the US, excited Ford fans started taking delivery of their F-150 Lightning pickup trucks (South Africans would call them bakkies) last month. The F-150 BEVs have been so popular that Ford has had to close orders for the rest of 2022. Clearly, the BEV future has arrived...
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