Electric Car

The electric auto industry is comprised of companies focused on the manufacture of electric cars, trucks, vans, and commercial vehicles, as well as companies that offer electric automobile parts and services. Though some traditional automakers also produce electric vehicles (EVs), this article focuses on companies considered to be largely pure-play EV manufacturers. The electric car industry is young and growing quickly. Tesla Inc. is one of the more familiar names, but there are others, such as Workhorse Group Inc. and Arcimoto Inc., that are exhibiting rapid growth.More change may be ahead for EV makers. China's industry and information and technology minister has said that there are "too many" electric car makers and that the government will encourage consolidation.1 A large number of electric car makers are headquartered or have major manufacturing operations in China. Additionally, rising costs of raw materials have forced many EV makers to raise prices, which could rein in sales growth and force smaller players to cut some models