The Electric Car’s Moment Is Delayed (Again)
While much of Silicon Valley remains infatuated with crypto, NFTs, and the metaverse, Wall Street has been lusting over electric vehicles (EVs). In an industry that has experienced a major sales contraction due to supply issues, EV growth of nearly 90% in 2021 has been positioned as nirvana. Legacy auto makers look at EV as an answer to finding relevancy while EV startups are finding it easier than ever to raise new capital. However, not all is bright in EV land.
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