The momentum towards widespread electrification of passenger vehicles is now unstoppable. Across the auto industry, OEMs are racing to catch up with Tesla’s dominance, while battling regulatory pressures in the form of strict CO2 targets that mean electrification is no longer an option but a necessity. Automakers are increasingly moving away from broad, flexible powertrain strategies that balance combustion and electrification, with most now firmly set on an electric-only path.
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