Eli5 Why are there now so many EV producers?

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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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Anonymous 0 Comments

Oil prices are rising.

Battery technology has become way cheaper and also batteries are finally energy dense enough for decent range

EV has big interest due to global warming

There’s finally become some infrastructure with electric charging which really allows people to buy electric.

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