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

They were a little bit harder because they’re a new tech. There is always a good bit of learning to be had. A few years ago, a few companies have broken the ice, and proven that it’s a desirable and feasible tech, and learned the hard way about their issues. Many manufacturers took that info and started their own endeavors into EV’s, and we’re now seeing those products come to market.

Some of that is also fueled by countries and, within the US, particularly California promising to ban pure ICE cars. That change within each company can’t happen overnight, or within a year; it’s like 5 years minimum to swap over. So companies are gearing up to have a viable EV and Hybrid lineup for when that happens.

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