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

It’s a combination of rising oil prices and Tesla showing you can get decent horsepower out of an EV. Since it’s cheaper to charge an EV off household electricty than fill up a car with gas you see more and more people switching to electric or hybrid electric vehicles.

Speaking subjectively, I bought a plug-in hybrid because I was angry at getting ripped off at the pump.

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