The auto industry creates more profit and more jobs than any other in Japan–but electric cars could change that.
Electric cars use thousands of fewer parts than internal combustion cars (gas-powered cars), and many of those parts-that-could-be-obsolete are manufactured in Japan–and that makes Japan really nervous. After all, it wouldn’t be the first time Japan didn’t adjust to changing technology.
For example, flat-screen TVs and digital music players replaced Japanese brands. Innovation came from Silicon Valley, and production went to China.
Now? Electric cars are gaining traction, especially as batteries–the source of power for electric cars— are becoming more powerful and their costs are decreasing. Countries like France and Britain plan to change over to electric cars in order to slow climate change.
And, China is positioning itself to be the manufacturer of EVs (electric vehicles).
Click here to read the NY Times article.