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Charging Ahead: What Does Electrification Mean for the Footprint of the Auto Industry?
Given the uncertainties over the pace of the transition from engine-powered to battery-powered vehicles, carmakers have taken steps to make production of their ICE (internal combustion engine) vehicles more efficient. Such efforts are designed to help carmakers remain profitable during a period of incurring high costs in developing electric vehicles. One strategy available to carmakers is to cut back on the variety of engine models available across their vehicle model offerings. In simplifying engine options available to consumers, carmakers can reduce the number of engine programs needed to ...