Many traditional automotive companies have been transitioning into the electric vehicle space, which for years has been dominated by Tesla Inc (NASDAQ:TSLA) in the United States. While names like Ford Motor Co (NYSE:F) and General Motors Corp (NYSE:GM) are known to be heavily investing in EVs, three names announcing plans this week to begin the development of electric vehicles might be surprising to readers.

Sony: At the past two Consumers Electronics Shows, Sony Corp (NYSE:SONY) has hinted at getting into the electric vehicle space, even showing off a prototype last year. During CES 2022 on Tuesday, Sony...