How & Why Is Big Tech Invading the EV Market?

The Electric Vehicle (EV) market has been a hot topic in the last couple of years, but why are Big Tech companies such as Sony, Apple, Amazon, Alphabet, Huawei, and others have been making big moves in EVs?? These Big Tech conglomerates are investing billions in Rivian and other EV companies. Some facts point to Big Tech seeing vast opportunities in EVs. Others point to the screaming needs in EV infrastructure and Big Tech technology ready to be integrated to current and future platforms such as charging stations, EV car telematics, IoT devices and more.? The market is huge and will get? bigger as more EV adoption follows in the future.

Big Tech Examples in EVs: Amazon’s $10 billion stake in Rivian, Alphabet owned Waymo’s focus on autonomous driving technology,? Sony’s Vision 01 and 02 coupes, Apple’s Project Titan fully autonomous, self driving car project. For a look at more big tech companies getting involved, take a look at the article linked below.?https://www.hotcars.com/tech-companies-venturing-into-evs-and-their-upcoming-cars/?

Other Big Tech Trends:? The US government has put out a number of incentives such as funding subsidies, and most other developed countries are seeking to ban the sale of new diesel and gas cars by 2035. Big Tech sees how the US government is funding EV deployment and sees a great opportunity to leverage their technology to the EV Market.

Reference:

https://www.hotcars.com/tech-companies-venturing-into-evs-and-their-upcoming-cars/?https://observer.com/2022/04/amazon-rivian-loss-big-tech-electric-vehicle/https://pocketnow.com/why-tech -companies-making-cars/

Resource: Competing with Industry Giants is hard, Big Tech or Big Auto. Take a look below to see how other EV Startups are trying to keep their edge.? https://www.reuters.com/technology/ev-startups-hunt-an-edge-big-automakers-roll-out-vans-trucks-2022-02-15/

Fun Fact: The first rechargeable and manufacturable EV was developed in 1884 in the UK by Thomas Parker.