Graphite Price, page-730

The major car companies have seen the writing on the wall as well Normandy. Because of the speed at which they are trying to transition from ICE to EV we are past the point of no return. They plan new models years in advance and have already invested to much time and money to go back. Not to mention the FOMO and the valuation of Tesla as an all electric vehicle manufacturer.

CEO's for their own hip pockets as well are desperate to capture some of that valuation. The market has spoken.

As we all know it will take time to ramp up and is currently projected to be >90% complete by 2040 if not sooner. Toyota and some smaller car companies may still make ICE vehicles for some 3rd world countries but they won't be able to sell them in the vast majority. Cars a built to last 10-15 years so you'll still see them on the roads.