Electric Vehicles Are Ready to Rule the Road
City streets filled with quiet, eco-friendly cars could be a reality sooner than we think. Major automobile manufacturers already are preparing for a shift to electric cars and adjusting their manufacturing plans accordingly. General Motors Company (GM) announced plans to phase out all internal combustion engine car models and replace them with electric models within the next 15 years (Colias 2021). Volkswagen (VW) announced plans for a large automobile manufacturing plant in China that will be devoted to producing electric cars (Ball 2019.) Tesla has grown into the world’s largest electric car manufacturer and has a market capitalization of more than $800 billion, which more than 10 times greater than GM’s.