Automakers are going to burn through billions in the electric vehicle race

Worse yet, the report argues that a crowded, competitive market and weakening vehicle sales will initially make profits hard to come by.Alix Partners predicts that 207 fully electric car models will be released around the world by 2022, putting dozens of automakers into fierce competition with one another in this nascent market.

The Global Fleet of Electric Vehicles

The study also found that global automotive market will grow 2.4% annually through 2025, versus expected global GDP growth of 3.3%, showing limited interest in all types of vehicles, including EVs.

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