REVolution: Gearing up for the electric car market

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Ireland News News

Tesla investors are backing the company to achieve world domination, but the Germans are coming, writes The Finance Ghost

The electric vehicle market is a bit like e-commerce: it dominates the headlines and promises strong growth potential, but it isn’t a particularly profitable model unless companies achieve significant scale.

Motoring consumers have enjoyed healthy competition from several automotive powerhouses across the world, so winner-takes-all economics would be a foreign concept in this space. It’s more common in the Big Tech world, where initial investment is high and only one or two competitors ultimately earn extraordinary profits.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tracking companies warn of new car theft scam in SA - here’s how to avoid itTwo prominent vehicle tracking companies have warned about a new car theft scam in South Africa, and it appears that the scamsters are targeting high-end cars that are linked to several tracking companies. Abramjee Cyber security risk,
Source: IOL - 🏆 46. / 51 Read more »

MARKET WRAP: JSE slips amid rising Covid-19 cases in Europe and USWith the US elections a week away, sentiment has taken a knock in general, with investors considering the prospect of more economic restrictions as the pandemic persists
Source: BDliveSA - 🏆 12. / 63 Read more »