Barriers to Entry for EV Market
- HUGE COSTS (engineering/designing a EV, setting up a advanced manufacting facility, marketing, government vehicle approvals)
- sourcing of parts, mainly the Lithium battery, with the way the Lithium/EV Market is going its going to be hard to find a consistent source of EV lithium batteriers unless your prepared with huge money
Only the big vehicle manufacters will attempt entry IMO
And VMT has a first mover advantage on the field
Barriers to Entry for EV Market- HUGE COSTS...
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