The exponentially growing market for electric vehicles (EVs) and the potential revenue yield have prompted increased and diversified participation in this burgeoning market. While the list includes established automotive giants, such as Volkswagen (VW) and General Motors (GM), it is the smaller, technology-focused new entrants that continue to spark the curiosity of EV enthusiasts around the world.
In the past, the internal combustion engine (ICE) was a large entry barrier for any newcomer in the automotive market owing to the adeptness and high capital investments needed to develop an ICE. With the rise in electric architecture, the entry barrier has considerably reduced and opened up the market to new players and new opportunities.
IHS Markit believes that the EV market is not restricted to conventional manufacturers and expects the current disruptions in the automotive world to continue and pave the way for improved trends in technologies and consumer buying patterns.
This report aims to provide an in-depth look at the functioning and growth strategies of some of the most promising names in the EV space today.
b) Research methodology
2. New BEV entrants
d) Lordstown Motors
g) Sono Motors
3. BEV component startups
a) Battery startups
b) E-motor startups
4. SPAC-based public listing
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