Why is it so hard to make money from making EVs?
This is an exploration of often repeated claims including: Do only Tesla & BYD profit from EVs, succeed? Why make vehicles at a loss?
Auto makers have to find a way to make EVs at profit, close down, or hope there will still be a large enough market for ICEVs for them to survive. Highly funded research indicates that 5 brands will dominate 80% of the market, and the reality is none of the top ten from 2021 are likely contenders.