EV investments "a massive pile-up"

"A new report by global consulting firm AlixPartners predicts a “pile-up of epic proportions” as automakers adapt to the biggest change to hit the industry “in a hundred years”:

The automotive industry faces the possibility of a monumental capital drain in the near term as hundreds of players, including non-traditional ones, are all pouring unprecedented sums into electric and autonomous vehicles years before those technologies are fully cost-competitive in the market, when consumers are questioning the cost and safety of some of the technologies, and just as the market itself is set to continue a cyclical downturn.

The AlixPartners study sees an eye-popping $255 billion pouring into research and development and capital expenditures to bring some 207 electric models to the market by 2022. A further $61 billion has been earmarked for autonomous-vehicle technologies according to the study."

I really like reports that go against the grain.

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