Inventor James Dyson has abandoned its $2.5 billion plan to make an electric car. Why? Dyson says they’re simply too easy to make.
Combustion engine cars need about 30,000 components, an electric vehicle needs just 11,000 parts. That reduction in complexity has lowered the barriers to enter the automotive market and caused a surge in the number of new carmakers.
Dozens of start-ups have entered the competition over the past few years. Standing out from the electric vehicle crowd would have been quite the challenge.
Read the article at South China Morning Post.