Intense Competition: The rapidly expanding electric vehicle market features numerous established automakers and emerging startups, creating aggressive competition that could impact EVTV's market share and pricing strategies.

Supply Chain Vulnerabilities: Reliance on a complex global supply chain for critical components, including batteries, semiconductors, and rare earth materials, exposes EVTV to risks of shortages, price volatility, and geopolitical disruptions.

Regulatory and Policy Changes: Government incentives (e.g., tax credits, subsidies) and environmental regulations play a significant role in consumer adoption; adverse changes or a shift in policy could negatively affect demand and profitability.