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

there is popular demand for it. Tesla has proven it’s profitable. And, many national and state governments worldwide have passed legislation mandating both a decrease in ICE production and/or an increase in EV production by different points in the future.

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