China is going to eat that market.
I mean China has been investing in EVs for longer. They’ve been investing in batteries for much longer. And if not for Tesla, America would have nothing.
China is leading in solar. They’re leading in batteries; they’re leading in wind, in manufacturing. They’re also leading in electric vehicles. They’re catching up to the US in information technology, not in AI just yet, but in a lot of these technologies.
Batteries are going to keep decreasing at least at a 16% cost curve and at least over the next 10 years.
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