Over 30 countries have pledged to phase out sales of new gas and diesel cars in upcoming decades. Major automakers Ford and General Motors, among others, will phase out all ICEV production by 2040. Fleets around the world are taking action to cut emissions and meet government-mandated sustainability goals. To say that a global shift and mass electrification are underway could be an understatement.
Still, less than 1 percent of cars and light-duty vehicles on America’s roads today are electric. There are several factors contributing to a slow transition, from production delays to chip shortages to insufficient charging infrastructure. Another major challenge that will become more prevalent as EV adoption accelerates is the overwhelming strain on the nation’s electric grid.
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Show notes for today's episode can be found at: https://www.utilimarc.com/blog
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