Car manufacturers like Toyota and Volkswagen are racing to secure positions as leaders of the electric vehicle revolution, with hopes to knock Tesla out of first place, reports Bloomberg.
The two automotive giants recently announced a combined $170 billion worth of plans to massively upscale EV production.
“When the two biggest car companies in the world decide to go all-in on electric, then there’s no longer a question of speculation — the mainstream is going electric,” said Andy Palmer, the former chief of Aston Martin and ex-Nissan Motor Co.