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Fortune
Fortune
Duncan Tait

"Competition is good for the industry”. Inchcape CEO’s case for optimism in automotive’s next chapter

Duncan Tait, CEO of Inchcape (Credit: Inchcape)

The automotive industry is going through massive transformation and there are a number of driving forces behind it.

One of the biggest is the move to new-energy vehicles. If you go back five or six years, people thought the electric vehicle future would happen by 2030—the industry got that wrong. Now, the smart automotive manufacturers know that, for the transition to work, it has to be consumer-led, not regulatory- and technocrat-driven.

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