As Singapore doubles down on its effort to push for electric vehicle (EV) adoption by announcing its ambitions to install 60,000 charging points nationwide by 2030 — more than double its original target of 28,000 — EV automakers are expected to ramp up its presence here.
There are already a handful of EV automakers in Singapore vying for the automobile market. Tesla is now one of them, as it recently received the green light to start selling EVs in Singapore.
Image Credit: CleanTechnicaTesla, the global leader in EV by market capitalisation, is set to dominate the industry for years to come.
While some expect their market share to slide once traditional car makers make the shift to electric, Tesla has a couple of advantages that will make it difficult to chase. Here are some reasons why.
Vertical Integration The shift towards the production of EVs will mean the need to rebuild a whole new manufacturing capability, which is not an easy feat to achieve overnight.
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