Will the electric car cause a power shift in the auto industry?

A huge imbalance was created in the auto industry, as the auto industry of the western world was under great pressure due to the management and economics of some auto manufacturers. In the same period, the eastern world began to make many more cars, which were cheaper because labor costs in the eastern world are much cheaper than the rest of the world. The reason they have cheaper labor is because of the large amount of labor they have available.

At the same time, the Eastern world addressed its quality problems by seeking highly-skilled automotive engineers from the Western world. This caused a massive wave of brainpower between the West and the East. This change in brainpower caused the number of high-quality cars the manufacturer gets in the east to increase tremendously.

The Eastern countries even merged with some of the world renowned car manufacturers. Some of these world renowned manufacturers decided to open their own plants in the East. This wave in the East came like a tsunami, which could not be stopped, this caused the competition to become fierce between the East and the West.

The predictions are that the East is going to dominate the West in the field of automobile manufacturing, due to its huge workforce. These workforces combined with the highly skilled automotive engineers they have sought out in the West make them a force to be reckoned with.

All this paradigm shift will bring the East and Japan together and Japan is already a recognized force in the motor industry. There are predictions that new electric cars will come out of the East as well, as Mr. Warren Buffet bought some shares in a big company called “BYD” in China that plans to tackle the electric car industry, “BYD” stands for “Build Your Dream”. “.

All the major players in the auto industry are busy developing electric cars, even in South Africa there is a company that develops an electric car. This will cause a power shift on its own in the auto industry as electric cars will replace conventional cars very soon. Predictions are that this will happen much faster than most people realize. Let’s not be skeptical about it and look forward to all these power changes, which may happen in the future, and hopefully it will be good for the common good.