2020 wasn't all bad. Here are its EV winners (and losers).
Electric vehicles had quite the yearTesla stock soared. Promises of new electric models came from a long list of legacy carmakers like GM, Toyota, BMW, Nissan, and even luxury brand Bentley. Plucky startups unveiled their first long-range products.
There were also some hard flops. The pandemic exacerbated some companies' weak points with factory shutdowns and layoffs. Many EVs that were supposed to arrive or make their debut were delayed. Other companies were exposed for overpromising and underdelivering. (Or was that tricking investors?)
As Lea Malloy, head of research and development at auto industry group Cox Automotive Mobility, said in a recent call, "2020 was supposed to be the year" for EVs. While the pandemic took a lot away, it was a year to show "that the EVs have arrived." And arrive they did. But not without some major stumbles. Read more...
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Sunday, December 20, 2020
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