Automakers are going to burn through billions in the electric vehicle race

In fact, Alix Partners projects that total vehicle sales will continue their decline this year and eventually bottom out in 2020. These factors will make the EV market a challenging, largely unprofitable one in the near term, despite the fact that the total number of electric cars on the roads will triple between now and 2020.

Despite these challenges, automakers are still poised to take advantage of shifting consumer attitudes toward mobility and the explosion of e-commerce in the long run.

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