Major Car Companies Aren’t So Sure
Although almost all the major car manufacturers have at least one electric vehicle in their lineup, most of their CEOs are not fully convinced that electric cars are the future of the industry. Their board of directors and marketing people have observed how problematic the EV segment is, so they hesitate to go all-in on electric cars. Toyota is an obvious example (via CNBC).
Also, there is still a lot of money to be made on internal combustion engines and a lot more development to do, so none of the big-name players is going fully electric anytime soon.