2020 has been a year of many challenges and changes for all industries, especially for the automotive industry which was strongly affected in Q2 2020. The numbers don’t lie and what we see in the market now is an appetite for innovation and a strong trend towards electric cars.
The big brands that have not been able to adapt quickly to the new electric trend have been forced to acquire start-ups with alternative energy cars or fully electric platforms in order to be able to continue in the automotive race and thus be able to satisfy the demand of their investors as well as the new market that requires zero carbon emissions.
In this graph you will see how Chinese brands and Electric cars have climbed positions to the top 25 most valued automotive brands in the market, now having Tesla as the global leader in the automotive industry.
