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

Today is pretty much the wild west for EVs now that Tesla has shown that you can actually sell them to the masses. Because of this, everybody else wants to get in on the ground floor knowing that EV ownership is only going to rise and ICE car sales drop. Because of this, there are also a lot of money out there wanting to invest in companies that they hope will be one of the big automakers in the future.

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