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Analyst Brauer predicts a shakeout: “There has been a lot of government money supporting these companies, and — while the traditional automakers have taken a while to get into the EV space — they are there now.
It’s not surprising, therefore, that a shakeout is in progress.
Source: https://www.thehindubusinessline.com/opinion/the-economics-of-selling-dreams/article67061279.ece