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Apr 15, 2024 - Why So Many EV Companies Fail

Apr 15, 2024 - California reaches major green energy milestone

Apr 14, 2024 - Ocean Electricity Grid. How do they do that?

Apr 14, 2024 - Steel in the water: first US large-scale offshore wind farm

Apr 12, 2024 - Why people want to put small nuclear reactors everywhere

Apr 12, 2024 - Why are plans to build more wind farms in Greece so controversial?

Apr 11, 2024 - An introduction to regional planning and Ontario`s electricity future

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Apr 15, 2024 - Why So Many EV Companies Fail

The EV revolution could bring more change to the automotive industry than since its founding, and the potential impact is a tempting proposition for entrepreneurs. But this business is not for the faint of heart and nothing like starting an app or a social media company. It takes billions of dollars to build factories, design vehicles, secure suppliers, comply with regulations and find a way to distribute and service cars. Many have dramatically underestimated the capital costs. Going public through Special Purpose Acquisition Companies, or SPACs, is one way to raise funds. Balancing the need to respect age old industry practices, while finding ways to innovate in a highly competitive market is a struggle. The few that have been successful so far, such as Tesla and BYD, are emulating some of the practices that helped automakers like Ford and General Motors emerge victorious from the industry`s first wave of consolidation in the early 20th century. But others like Fisker, Lordstown Motors, IndieEV and WM have or are failing.