Every carmaker worth their salt is developing electric cars. It’s like a virus that’s going around infecting car manufacturing companies. The virus’ name, of course, is Tesla—with observers seeing Elon Musk’s “marketing mastery” as the driving force behind the EV craze. Tesla’s popularity seems to defy logic, or at least the logic that says profit is the ultimate goal of any business, and it should come in big and fast. But Tesla lounges comfortably in the red. Other carmakers are losing money on their electric vehicles as well. Yet both Tesla and the others continue to make them. Why, the profit-focused minds wonder? Environmental regulation is the most obvious answer. Several European countries, some U.S. states, and more importantly, India and China, have all passed regulations that would support the growth of electric car demand in the years to come. India plans to go all-electric-car by 2030. China has […]