The ease with which next-generation electric vehicle companies Rivian, Lucid and Fisker raked in billions of dollars from investors in 2021–combined with Tesla blowing past a once-unthinkable market cap of $1 trillion–marked the shift to an automotive era that’s racing to kick climate-warming carbon fuels. In the year ahead momentum shifts to auto giants General Motors, Volkswagen, Toyota and Hyundai, which are upping their electric game–and Ford with a battery-powered pickup aimed squarely at the heart of the U.S. market.
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