Global sales of electric cars rose by 43% in 2020, despite overall car sales declining by over 15% during the coronavirus pandemic. Market share of electric vehicles in 2020 was 4.2% of the global car market, up from 2.5% in 2019. Electric cars is often considered to be a "disruptive innovation" which is expected to transform the automotive industry For a small automotive parts manufacturer which makes auto parts for the traditional gasoline/petrol based cars, what impact can you expect on its profitability if they choose to rapidly transition to making auto parts for electric cars? How do you expect most traditional auto parts manufacturer to respond to this trend