That people believe that EVs are a trend or fad that could f-f-fade away, and not a worldwide government-legislated long term response to climate change is quite hard to comprehend (hope I die before (my thinking gets) old)
You've got each of the past 12 months ranked as the warmest on record in year-on-year comparisons, India hitting close to 50 deg C this last week and the UN calling for even further urgent action.
With Biden's recent quadrupling of Chinese EV tariffs, the US have bought themselves a little more time to get competitive.
Though legacy auto industry touching the brakes on EVs could see their relevance outside the US dwindle.
The Koreans are going hard and with their involvement in the battery supply chain, are looking good to increase market share.
The Chinese will just pivot away from the higher margin regions they are shut out of and sweep up the rest of the world's markets in Sth America, Asia, Africa, Middle East. Europe may be tricky as the EU consider increasing their own tariffs but there is tit for tat consequences.
IMO, once the majors start ramping up, you'll see those who only buy Ford (or whichever) get in the EV queue.
Here's Ford USA EV sales in 2024 - looking good:
IEA's impartial analysis shows demand for lithium is strong.
Ignore the noise, Galan's time is coming.
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