Former Ford CEO Mark Fields warns that EV startups face financial trouble due to slower EV adoption.
Former Ford CEO Mark Fields warns that electric vehicle (EV) startups face "real financial trouble" due to slower adoption rates, as average buyers prioritize cost and convenience over early EV adopters. The transition to EVs is taking longer than anticipated, leading to increased pressure on EV startups, including Fisker, Rivian, and Lucid, which have experienced setbacks and declines in market capitalization.
March 17, 2024
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