Automakers reveal plans to go all-electric in 2021, COP26 a booster
The success of Tesla has pushed nearly all automakers to go all-electric in 2021, and the COP26 climate conference has provided a booster dose to initiate strategies for the supply of batteries, electric motors, power electronics and other components for a green future.
With Renault in June, Mercedes-Benz and Stellantis in July, to name a few, 2021 has become the year when mainstream automakers solidified their intent to become “all-electric” and transition further towards electrification.
According to market research firm Strategy Analytics, there will be a step-change in the supply of batteries, electric motors, power electronics and other components associated with electrified powertrains, especially battery electric.
