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Automakers will start constructing many extra EVs subsequent yr and in 2024, resulting in upwards of 74 EVs on sale in North America by 2025.
This, at first, sounds fairly good, however analysts, given previous and present developments, assume simply 20% of those EVs will promote greater than 50,000 items yearly. In different phrases, automakers could possibly be caught promoting so-called area of interest fashions being produced at excessive capability.
Mixed with the slowing US, China, and Europe economies, this might result in extreme issues for automakers. Legacy corporations like GM, Ford, and Mercedes-Benz will handle to journey the attainable storm, however smaller startups which have but to crank up manufacturing absolutely may have some troubling instances forward.
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