After decades of ups and downs, electricity is finally emerging as the fuel that will propel the planet into the future as more governments look to address their pollution problems by phasing out vehicles that run on fossil fuels.
As a result, automakers are scampering to flood the market with electric cars, trucks and, especially, SUVs over the next few years.
Nowhere is this more evident than at this year’s Los Angeles Auto Show, which will officially open to the public on November 30. Almost every automaker that is displaying at the downtown convention center, especially in the luxury segment, is looking to discuss its electrification strategy for the next decade with any journalist willing to listen.
Porsche wants 50% of its stable to be electric by 2023. Jaguar Land Rover has announced it will shift production entirely to electric and hybrid vehicles by 2020.
Ford plans to deliver 13 new electrified models over the next five years. General Motors plans to roll out 20 all-electric models by 2023.
BMW will offer 25 electrified vehicles by 2025. Aston Martin expects that EVs will account for 25% of the company’s stable by 2030.
And that’s just the beginning. If projections are correct, there should be 400 electrified models on the road by 2025. That’s 300-plus more EVs and hybrids than are running about today.
Read more: Forbes