Why the electric car industry is struggling in 2020

With news that Ford’s Bridgend plant is set to close anytime, which will occasion the loss of close to 2,000 jobs, this is just one of the blows that the car industry has had to deal with. Honda also announced that by 2021 it would close its Swindon plant, leading to a loss of 3,500 jobs. Nissan and Land Rover have also mentioned cutting jobs and production processes. These advancements come as car manufacturers struggle with various challenges while consumers are buying fewer and lesser cars. Worse hit is the electric car industry, in which several factors coupled with the pandemic, has seen it struggle throughout the year. Various online sites have given differing opinions behind the decline in the industry. One looking for resources that can help them understand this trend can visit ReviewsBird, where they will find platforms that may be helpful. This article also explores some of the reasons behind the struggle in the electric car industry.

1.  Having the right technology

One of the crucial aspects that electric vehicles require is the correct battery technologies. Though there are quick developments in charging and overall battery technologies, there is still great uncertainty in the area. With …