How 2 Top Automakers Are Tackling Booming EV Sales
The electric-vehicle (EV) future is coming faster than you might think. At the end of 2021, EVs in the U.S. accounted for 5% of new car sales.
Why is that important, you ask? Because if the U.S. is similar to the previous 18 markets that crossed that threshold, EV sales could spike to 25% of new car sales by the end of 2025.
That rapid rise in sales makes it even more important for long-term investors to fully understand how each Detroit automaker is evolving to tackle the current boom in EV sales. You might be surprised just how far General Motors (NYSE: GM) and Ford (NYSE: F) are going to secure a highly profitable future.
Source Fool.com