Nov 21, 2023, 4:36 pm EST
The electric-vehicle business presents a paradox. Virtually all auto makers now manufacture EVs. And yet the business seems like a slog for many. Auto makers including Ford, Volkswagen, and General Motors have struggled to make money from the all-battery electric vehicle, or BEV. Toyota, the most successful established car company, initially opted primarily for the hybrid EV, which combines an internal combustion engine with battery technology. Even Tesla, the largest BEV maker, posted its first full-year of profitability only in 2021.
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November 22, 2023 at 04:36AM
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Why Tesla Is Beating GM, Toyota, and Other Auto Makers at the EV Game - Barron's
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