Herbert Demel, executive vice president of Magna International Inc. said, "If we don't share technology and architectures, the breakthrough for EVs will be much slower than any of us want. We will change the world. How fast we do this is the open question."
We can already see certain company's willingness to work together on the technology, with Tesla and Toyota planning some sort of partnership deal, along with an alleged $50 million contract yet to be finalised.
And then there was Daimler AG, who bought 10 percent of Tesla and then sold 40 percent of that to Abu Dhabi-based Aabar Investments.
Even though the only reason the companies are doing this is to gain access to the technology and 'fish out' what they can before they sell it, the electric vehicle development process is still perpetuated. Tesla vice president of European sales and operations, Cristiano Carlutti said that this is a vital step Tesla has to make to ensure it remains in the market in the future.
Peter Fuss from Ernst & Young's automotive leader for Germany, Switzerland and Austria, also told Automotive News, "We need much more cooperation between automakers and utility companies. We need to look at what is achievable and not expect everything to happen immediately."
He also added, "We are at the beginning of the discussion, not the end."
Expect much more conglomeration of manufacturers in the future which, hopefully, speeds up the entire electric vehicle development process. The more EVs available to the public the better, and not just for the environment but also for our wallets.