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IPFS News Link • Transportation

The Automotive Industry Is About To Undergo A Paradigm Shift To EVs


It turns out that the auto industry could (soon) undergo a significant paradigm shift — transitioning from gas-powered cars to EVs. According to Domonoske, "Going electric is not just an eco-friendly goal, an ambition that would help fight climate change. It's a business reality, according to industry analysts."

"Electrification, you cannot stop it anymore — it's coming," says Elmer Kades, a managing director with the consulting firm AlixPartners. "We have fantastic growth rates, between 50 and 60 percent on a global level."

After all, according to Tom Murphy a managing editor at Wards Auto which ranks the world's best engines, electric cars are just "fun to drive." Extolling the electric vehicle's ninja-like performance and instant acceleration, Murphy says, "They're enjoyable, they're quiet… and there's loads of torque."