On Tuesday, Ford Motor Company (NYSE: F) enjoyed seeing its stock surging after it revealed it hired former Tesla Inc (NASDAQ: TSLA) senior vice president of engineering who was also in charge of Apple Inc's
Internal combustion engine vehicles have already peaked. Meanwhile, electric vehicles are getting more affordable, and they are going farther. Electric vehicle adoption is accelerating thanks to improvements in battery density and cost, expansion of charging infrastructure, and government policies that make driving polluting cars more difficult.