this post was submitted on 05 May 2026
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So, we're equating spending money with finding solutions to a physics problem?Would that money include the billions for the NorthVolt plant that just went belly up in Quebec? Doesnt seem very successful. Im glad you're certain cause the people with the big bucks certainly don't seem to be.
Have you looked at BYD (the BIG Chinese EV maker) lately? It has a Q1 2026 net profit decline of 55% year-on-year. Thats massive. Companies that cant attract investors dont succeed and when Warren Buffet pulls out of your company after 17 years, you know things are bleak.
Just because some companies spend big money does not in any way guarantee anything. "Hope" does not equal success. More accurately the number of EV startups that have failed far outnumbers the very few that appear to be succeeding. For now.