EV Startups Crash and Burn in Market Meltdown
The problem isn’t subsidies; it’s bad business models. These startups keep chasing the “next Tesla”…
The problem isn’t subsidies; it’s bad business models.
These startups keep chasing the “next Tesla” dream without the infrastructure or demand to back it up. You can’t sell a $70,000 electric truck in a recession and expect a profit.
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Look at Li-Cycle—$475 million in loans, and they still can’t finish one plant. How about focusing on real solutions instead of throwing money at failing projects?