The reference news network reported on January 18 that according to the Wall Street Journal, Ford Motor, General Motors, and Chrysler's parent company, Strantis, to electric vehicles, has intensified the competition between the three giants and start-ups.
Competition between electric vehicles is intensifying, with Both Ford and General Motors focusing on new electric pickups, and other companies are preparing to release a series of new electric models this year and next.
Auto industry executives have been talking about their ambitions for the past few years, allocating billions of dollars in new investments to add more electric models to the global lineup. But so far, much of this transformation has happened behind the scenes, with engineers and designers preparing for the next generation of cars.
In the coming year, car buyers will begin to see more electric vehicles in dealership showrooms. According to Bank of America analysts, automakers plan to launch dozens of new electric vehicles in different styles and at different price points in the next two years.
The advent of these electric vehicles has shifted the pressure on car companies from research and development to convincing consumers to buy.
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