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

Yes, there are some key differences in electric motors vs. internal combustion engines/transmission powertrain that make the power source simpler to implement within a vehicle. Also, there is legacy company inertia against moving into something so new/different quickly enough… just look at how companies like Sears faded away while Amazon grow into a giant as internet shopping grew. Sears relied on catalogs/mail order yet didn’t see how to translate that knowledge into dominating the web. Same for many legacy ICE car makers, who already had so many vehicles to sell and keep in development, existing plants, existing supplier networks, existing dealer networks, etc. to consider when making a radical shift.

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