Fundamentals of Management, 11/e

Global Control Topic: Global organization, global ethics, and social responsibility

You’re starting to see them everywhere... charging stations for electric vehicles (EVs). That’s a sure sign that the global auto industry is going through a massive change. You shouldn’t be surprised, therefore, that experts are predicting that electric vehicles (EVs) will be as cheap as gasoline models by 2025. Or that by the year 2040, one-third of the global auto fleet will be EVs.50 The highest demand for EVs likely will be driven by the world’s biggest economies: Europe, the United States, and China. Rather than fossil-fuel powered cars, which require millions of barrels a day of oil production, batteries are becoming “the” essential products. The decline ...