The past year was sobering for investors who poured money into Tesla and rival electric vehicle startups that hoped to emulateĀ Elon Musk’s success.
Key points:
- The automobile industry is pouring more than $1 trillion into shifting to electric vehicles
- Barriers to adoption include lack of infrastructure and rising cost of batteries
- By 2025 there could be 74 different electric vehicle models on the market
As interest rates rose and financial markets gyrated, shares in many EV startups…
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