Tesla and BYD are the benchmark in profitability, but other brands of electric cars are also starting to get benefits - Hybrids and Electrics

Starting a new car company is an extremely expensive process, but with the advent of electromobility, many courageous entrepreneurs have embarked on it. It started in the USA with Tesla, Europe also had its share, and most of them are in China. So far, only four of them have managed to turn a profit.

Getting into the electric vehicle market is not an easy task for anyone but, if you call yourself Tesla, the truth is that the experience accumulated for years in a full dedication to zero-emission cars is having its reward. And that part of the business led by Elon Musk and that is dedicated to the sale of cars is losing a large share for a few months. Chinese manufacturers as tough competition, Elon Musk’s affinity with Donald Trump, and the c…

Young companies sometimes find it difficult to reach a level of profitability in their first years of existence.... Read more Here are the only four brands of electric cars to earn money appeared first on Automobile Clean.