I'm old enough I remember how crappy American cars were (due to non-innovation/cheap gas) and how Asian manufactures ate them alive with cheap, efficient (for the time), dependable cars. Detroit is now bankrupt and it took 20years (70's to 90's) for the American manufactures to recover.
Many similarities today. Incumbent manufactures mostly ignored (or produced paltry efforts) electric. Only now after the threat is getting established are they responding.
All cars will be electric someday and all manufactures will have electric cars (or be out of business). But until then, there is room for a new player to emerge. Honda, Toyota, Nissan weren't known before the last automotive disruption either.
Many similarities today. Incumbent manufactures mostly ignored (or produced paltry efforts) electric. Only now after the threat is getting established are they responding.
All cars will be electric someday and all manufactures will have electric cars (or be out of business). But until then, there is room for a new player to emerge. Honda, Toyota, Nissan weren't known before the last automotive disruption either.