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2 Automakers are headed for a 'big trap' if the industry doesn't swiftly enter the 'new world' of EVs, Stellantis CEO says

Business Insider
Kwan Wei Kevin Tan @ Business Insider 1 place · today 01:13 EDT

Automakers are headed for a 'big trap' if the industry doesn't swiftly enter the 'new world' of EVs, Stellantis CEO says

Carlos Tavares said automakers will have to wrestle with higher costs as they have to invest in both electric and combustion-engine vehicles.

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