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Business trends

Scrappy electric carmakers upend pecking order in auto industry

The war is on to get a slice of $1.4 trillion new demand

The Lucid Air is a luxury electric sedan developed by Lucid Motors, a startup managed by a former Tesla executive. It is the company's first electric vehicle to hit the market.

TOKYO -- The accelerating trend to e-mobility will lead to a paradigm shift in the global car market that could radically change the landscape for the industry.

Tesla has emerged as the early leader in the high-stakes electric vehicle race, topping the list of EV manufacturers. No Japanese manufacturer is among the top 10.

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