VC activity revs up as electric vehicles prepare to go mainstream

VC activity revs up as electric vehicles prepare to go mainstream

Recent weeks have seen an acceleration—pardon the pun—of news and developments related to electric vehicles. There’s been everything from China setting EV sales quotas to vacuum and hair dryer maker Dyson spending billions to get in on the action. A cavalcade of EV-related announcements out of Europe includes plans for massive battery factories, high-speed EV chargers appearing at gasoline stations, and aggressive plans for electrified vehicle rollouts. Regarding some of the industry’s biggest automakers: Volvo plans to have an electric motor in every new car by 2019. General Motors has plans for 20 new all-electric models by 2023. Ford […]