Why So Many EV Companies Fail

NO ONE WANTS TO BE FORCED TO BUY A EV. THEY COST MORE, HURT THE ENVIRONMENT, AND DO NOT COMPARE TO AN ICE VEHICLE. WE WILL KEEP OUR OLDER VEHICLES FOREVER AND MAKE OUR OWN.

Ever heard of the term "barriers to entry". It's very difficult to make a car. You need years of experience, an assembly line, distribution center,
years of reputation, and lots of liquid capital.

I'll tell you why. The "need" for EVs is artificial. It is based on a lie.

Capital for investments obtained by coal, oil or natural gas will no longer be available in the foreseeable future!

Technology that relies on these sources will die out, like the dinosaurs.

Our sun is the source of energy for all living beings and it is the cheapest!

Fair distribution of capital will be the task of the future

Yet more doom and gloom stories about EVs. The fact is EVs are already here. These stories are to slow down the growth so that legacy car makers can catch up and sort their supply chain issues out. There is so much disinformation right now around EVs. Same thing happened when we were trying to slow the imports of efficient Japanese cars, so that everyone could catch up.

parky

It is not too different from about 120 years ago. Many automobile manufacturers started, but very few survived. (I wrote this before something similar was said in the video.)

Building a new car is one thing, building a car hoping for a completely new ecosystem develop on clolorful ideas to be built around it without great shifts in the market is another. It's easy to neglect the fact, that high interest of a bunch of early adopters is very often misinterpreted as huge demand - something every student in economy learns in the first semester and still something even big companies are constantly getting wrong

The market is too small, Tesla has a death grip on the market that is there, it’s too expensive an industry for Johnny-come-lately startups, and EVs in general are too expensive for the average consumer. There’s the video.

Because the west lost. China is now in charge.

Because you Americans politise everything and can’t support innovation

How many dirty oil burning cars failed. You could include a comparison??

I'm buying Fiskers stock still until zero.

Why are they failing? Companies burn so much money in the cost of set up to prepare themselves for production to start. They have to compete with legacy automakers that have all the resources on the planet and even the government bailout option available. Finally, these new automakers have to unveil their expensive cars first to drive down costs but getting people to spend big money on a brand new car brand with no history and little dealers available can be a tough sell to start.

Just like the beginning of the car industry with engines.

Electric cars need battery swap if not that is a shame otherwise you got to spend another 20k or thereabouts for a new battery in about five years and it mean the value of the car is rapidly going to drop because of battery usage if you're having a bad year and ain't got the money for the battery your car is good for nothing

Well.... I told so many times... the Duetchland and Mercedes Benz, before it was called Mercedes, tried to sell the concept of EVs in the 1900’s! It was a failure because it’s scarily........”Unreliabile!”

Your recommendations help me make better decisions in the market.

If EVs are so difficult to build, why was every established car company able to make them so quickly, and why did so many new (EV) car companies pop up and start making them?

The greatest pile of BS ever perpetuated on the public. Democrats have truly destroyed America.

I can redesign to electric vehicles so you won't have to plug them up at all!!!!!! Thats what I do

Batteries are dangerous search EV fires, no resell

Anna, mee videos chusi nenu Term Policy, health insurance policy teeskunnanu. Love from Guntur ❤❤

Thank u for the video Anna

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EV cars are jokes. EV driven by loosers

Because the the laber exercise right ✅️

Oil industry interference 😊

Let me put it simply EV will only be viable option if battery holds up till 30 years, can be recharged in 10 minutes and it's completely safe for passengers.

Boat anchors. Ramming EVs down our throats won’t work until they offer similar costs and convenience

EV Busses and light trains (railess tramways) would make the most sense. But Sr Management at legacy companies won’t invest in that, because they are not structured to do so. New directions need extreme focus, which Sr Management at legacy company do not have. To execute on these directions, they would need to create a new Division, headed by new Management. None of these would voluntarily send themselves to pasture. So, here it is.
The solution IMO, would be for a high profile CEO to create a new small Division to develop the product, and polish all the kinks. But the CEO will need to keep and active eyes on the product, as Sr Managers and VPs who were purposely keep out of the loop, will secretly gun for your (the CEO’s) guts.

You can always join Chinese auto makers to be successful in the business.
Tesla did.
As you know, Chinese own the battery market. They already grabbed you by the nuts. It's the matter of time your nuts will burst.

I"ve been driving electric for 3 years now. The thing I love most about Tesla, is that it is technology driven (of course the power is nice). You constantly get updates making the car even better You don't have to buy a new one every 2-3 years to get the newest technology. It is built into the cars software system. I do recommend that if you buy electric, Tesla has the best infrastructure. Chargers are everywhere, and I've seen up to 30 charging stations at 1 location. Most other charging stations (other than Tesla) might have 4-5 charging stations, which means if 6 EV's (not tesla) who up at a charging station at the same time, you have to wait. Another downside, the more cars, the less KW you get of charging. IN my experience, Tecla's stations are on their own power source, which means you get the charging power you need because you don't have to chare it. Rumor has it, other manufactures are gong to start using the same charging system as Tesla, which means the infrastructure for those cars in going to instantly quadrupole. But I'm sure if you have other than a Tesla, you're going to pay more than a tesla owner at said charging station. .

No need to listen to US car makers sh**t. They should open the market to Chinese and other EV makers and see what customers take. US is protecting it's dirty oil power car industry to stop transition quicker when people are ready for change.

Unfortunately, there are more automobile makers than consumers to buy those cars. It is not reasonable to believe that it is possible to increase infinitely the number of cars produced.

Make a small, practical, no frills vehicle that can get you from A to B and is realiable for 10k or less and has a 300-mile range. You do that, and you will see a huge EV adoption in the US! Oh yeah, I forgot, a company from China already did that! BYD did this with their Seagul Model for under 10k! Too bad this car is forbidden in the USA, and the 100% tarrif makes it too costly to import!

One of the most impressive aspects of Michael Hugh Terpin trading prowess is his keen understanding of market dynamics. He possesses a deep knowledge of various cryptocurrencies, their underlying technologies, and the broader economic factors influencing their value. This comprehensive understanding enables him to make well-informed investment decisions that consistently yield positive returns.

Why nobody is asking why there is so much push for EVs?
Cars consume only 10% of global energy and most of electricity for EV charging comes from burning fuels.
Converting ALL cars to electric will have very small impact on CO2 emissions.
So why?

Best mode of transportation for most of the days is a cheap cvt equipped scooter. efficient ✅ burns only 2.5 litres of petrol in 100 km ✅ is manueverable in dense traffic of cities ✅ gets you to your destination 20-30% faster than a car ✅ maintenance super cheap compared to any car ✅ is very easy to ride as it has an Automatic drive train ✅
for other days when having more than 1 passengers (buying groceries, inter city travel) all you need is a cheap reliable sedan or hatchback preferably a toyota. best buying old.

IT is not just EV try starting any Car company and what Thirty car companies are closing not counting Chinese companies that the Government is forcing to amalgamate or close

Dyson and Apple are not car companies

China is shooting for wide EV adoption because of national security...unpack that.

These companies cannot fight against Chinese prices. Thats why they know they cannot survive the low chinese prices. it is as simple as that. Once chinese car market is saturated with EV. we will see flooding of chinese EV at $5000. At this price even existing ICE car makers will not survive the onslaught of Chinese sources, non chinese built EV

The power grid is oil, coal, gas and nuke. And there's not enough charging stations. They put th cart before the horse.

He thinks there will be battery powered aircraft. What a dope!

my question is did apple quit because it had the vision pro launch?

All prices are so high right now…
The same person: I want 6 figure salary to flip burgers at McDonalds.

Most EV’s are too expensive for most of the middle class and low income individuals.

There's no set up or ecosystem or infrastructure thats able to support Evs

EVs will never break 20% unless the government forces people into the scam