With investors always so fixated on short-term results and today’s corporations criticized for short-term decision-making, it comes as some surprise that the media uses the long-term potential for electric cars, ride sharing and self-driving cars as a reason why an automaker’s share price should dip or rise. According to Forbes, in 2016 total U.S. sales of electric vehicles (EVs) were only 159,139 vehicles. True, it’s a big jump on 2015, but still amounts to less than 1 percent of the U.S. automotive market. Self-driving cars are not even out there yet and ride sharing is in its infancy, even as a well-developed concept. Not that these trends will not be major disrupters in the next decade, but in the short term we are not talking game-changers, yet. In fact, the Detroit three are doing pretty well at the moment, despite a slowdown in car sales this year (both in […]

Posted in: USA