Though claims that electric vehicles (EVs) will imminently and entirely replace traditional fuel vehicles (FVs) are premature, there is an industry consensus that substantial, ongoing EV development and significant, near-term EV adoption are inevitable. Under the current set of market conditions, L.E.K. Consulting predicts EV commercialization will produce three key sets of effects on the automobile industry, and L.E.K. has prepared preliminary response tactics that traditional FV manufacturers can employ in response to EV trends.

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