By [email protected] Over the next 15 years, the American auto industry will face a death spiral of epic proportions that will lead to plummeting demand, cratering profits and slumping sales. Car dealerships and sales of traditional gasoline-powered cars will both evaporate.
Those findings are delivered by a research report released earlier this month from analyst firm RethinkX, co-founded by analysts Tony Seba and James Arbib. RethinkX prides itself on reading the tea leaves on how truly disruptive technologies — like cellphones and solar panels — can be on incumbent industries.
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