Big carmakers show they too can gain from the electric car shake-up

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Big carmakers show they too can gain from the electric car shake-up
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Startup automakers, like Lucid and Rivian, often make the point that, as Tesla has shown, electric car shoppers are open to trying new brands. What's true for startups, though, is also true for big automakers like Ford, General Motors and Volkswagen.

For those long-established car companies, new electric vehicles are attracting customers who are not current owners of their brands, according to data from the automotive website Edmunds.com. That means electric vehicles are bringing in those always sought after"conquest sales." These are sales that not only bring in revenue but that can, automakers hope, create new long-term customers.If everything goes right, that is.

Eventually, new electric cars will just be more new cars, and customers will settle into familiar buying habits having, again, settled on their favorite brands.And just as a carmaker reaps the benefits of customers trading in their old electric vehicles for new ones, that will mean a lower percentage of new customers. The Nissan Leaf provides a perfect example, according to Edmunds.cpm. In 2012, 80% of Leaf buyers were new to Nissan, according to Edmunds.com.

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