The EV startup boom is over. Companies are now trying to avoid a bust.

The EV startup boom is over. Companies are now trying to avoid a bust.

Many EV startups are struggling to pay their bills. They are contending with higher costs, government probes, lawsuits, C-suite turnover and investor burnout in a high-interest-rate environment. For many, the EV startup boom is turning into a bummer.

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