EV growth is driving auto suppliers out of the market: report

Read the full story at The Hill.

The surge in demand for electric vehicles (EVs) — and declining interest in gas-powered cars — is driving car manufacturers toward greater consolidation, according to a new report.

That’s bad news for the broader ecosystem of parts suppliers, service stations and mechanics, who risk getting squeezed out of the market, according to a new report published on Tuesday from consultancy Deloitte.

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