Which EV Startups Will Survive? : vimarsana.com

Which EV Startups Will Survive?
Established automakers are going to fight like hell to keep what they’ve got. It’s going to be the greatest battle this industry has ever seen, against startups Tesla, Fisker, Arrival, Rivian, Faraday Future, Lucid, Nikola and others.
For the better part of a century, established automakers were protected by a moat of obstacles. Any startup that wanted to get into the business had to hire armies of engineers, invest massive amounts of capital and establish a nationwide network of retailers. Some tried but virtually none survived. Until now, that is.
Today we’re seeing a flurry of startups unmatched in number since the early days of the automotive industry. Thanks to the advent of special purpose acquisition companies (SPACs), startups can raise prodigious amount of money. Thanks to the gig economy they can hire the experienced talent they need. And thanks to the growing acceptance of direct sales to consumers, they no longer need a network of franchised dealers.