My take on the thinking re sales is that a recession will push people to go for a cheaper ICE car deferring the move to EVs. This will decrease the current short/medium term forecast shortfall in Battery and Critical minerals and allow new mines (if they proceed) to meet the future anticipated shortfall turning it into a possible surplus.
I have started to listen to Putin’s Playbook audiobook and the cynic in me says it is part of Putins plan to cripple the world with stagflation, high interest rates and possibly recession or worse another Great Depression. This will squeeze a bit more time for ICE cars so Russia’s maximise its future revenues for it’s oil and gas.
Unfortunately for Humanity this delay in addressing climate change is one we can’t afford. God knows, the delay caused by the Trump presidency has been bad enough.
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