It seems like every week there is a new company that produces electric cars. Are EVs so easier to make compared to ICE cars?
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When the first cars were built in the late 19th/early 20tg century, there were many more brands. Some didn’t last. Others merged to form larger companies (like Dodge-Crysler) to take advantage of their combined resources to build more market share. Right now a lot of small companies are building a wide variety of vehicles. The tax credits for EVs help make it easier to start. As they gain more market share some will not be able to compete while others will merge with other EV companies or traditional automakers.
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