Industry
How Will EV Upstarts Survive after Legacy OEMs Electrify?
Despite major government incentives and a growing consumer shift toward EVs, U.S. EV upstarts are facing major headwinds. The race is on to secure a spot in the future EV market, but supply chain delays, plummeting stock prices, and competitive legacy OEMs are posing major hurdles for the top contenders. Many of these upstarts are securing early deals with corporate buyers and investors, but are these partnerships enough to help the upstarts maintain launch velocity - and staying power?