Electric car startups want to avoid same fate as Britain's 1890s bike bubble | CNN Business

Washington, DC CNN  — 

Amazon and Ford reported this week they lost a combined $12.3 billion in the last three months due to their investments in electric vehicle company Rivian. The losses dampened hopes that any electric vehicle company will inevitably turn into gold.

Even Rivian, which many automotive experts view as the most promising Western electric vehicles startup, isn’t immune from the boom-and-bust cycle that’s playing out in the electric vehicles market. But experts say this is typical of when new industries arise.

CNN - Business News

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