Part 6/7:
As these manufacturers push forward into uncharted territory, they face several challenges:
Market Competition: Tesla remains a formidable competitor, with established brand loyalty and a network of charging infrastructure that rivals are struggling to match.
Technological Transition: Many Japanese automakers are still transitioning from gas-powered vehicles, resulting in significant investments needed to modernize production lines.
Consumer Trust: Building consumer confidence in new electric models, especially when past efforts have been slow or insufficient, will be crucial for success.