A big showdown is coming, if you believe the car-business chatter: General Motors (GM) is about to challenge Tesla’s (TSLA) dominance among electric-car makers. Toyota (TM) is planning to take on Tesla, too. And don’t forget Honda (HMC), Ford (F) and Nissan (NSANY). Telsa-battlers, all.
Tesla is the most prominent name in electric vehicles, yet beneath the radar, virtually every big automaker has built some kind of EV, with more on the way. This is happening not because car buyers are clamoring for electrics, by and large, but because governments around the world are raising the pollution standards automakers must meet, essentially forcing them to build cars that don’t burn gasoline or diesel.
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