Where are the young shoots of the electric car? Among the many companies to have followed in Tesla’s wake in recent years, some are already no longer quite start-ups: the Chinese Nio, Xpeng or Li Auto have started to deliver cars. They are now well established, at least in their country. Others succeed in raising significant financing, but have not yet delivered a single vehicle: this is the case of the American Lucid, Fisker, Canoo, Faraday Future or even Rivian. Some look pretty bad, like Nikola, Byton and Lordstown. When they just haven’t thrown in the towel, like Dyson.
One thing is certain, the auto industry is undergoing a dramatic transformation, considered incredible just 10 years ago. “The landscape was then frozen for decades,” recalls economist Fabien Neuvy, specialist in the sector. “It seemed impossible to create a new manufacturer, because the complexity of heat engines constituted a real barrier to entry. In addition, at the time nobody believed in the electric car ”.