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How profitable are electric cars?
It seems like more and more automakers are coming out with electric cars every year, but are they really making money off of them? How profitable are electric cars?
Allison Stone · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
With the growing popularity of
electric cars
, many automakers are finally starting to see profits on what is looking to be a very long term investment in a new, revolutionary infrastructure towards a more eco-friendly future. While it’s true that when it comes to building out the internal infrastructure to start making electric cars will lose money in the beginning, many automakers remain positive about the potential profitability of electric cars.
Electric cars are also becoming cheaper and easier to produce. Programs like platform sharing and more control over batteries will help bolster the profitability of EVs as well.
Electric cars are the future of the auto industry, and
Jerry
is the future of shopping for car insurance. A licensed broker, Jerry does all the hard work of finding cheap quotes from the top name-brand insurance companies and buying new car insurance. Jerry will even help you cancel your old policy. Jerry will even send you new quotes every time your policy comes up for renewal, so you’re always getting the coverage you want at the best price.
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- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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