Tuesday, May 16, 2023

The imminent petrol car bloodbath

 A fascinating video by The Electric Viking.   China has already achieved price parity between EVs and petrol cars.   Its car exports are up 4-fold over the last 3 years.  Most legacy carmakers are still losing money on EVs, because they have left it too late to transition.   The EV S-curve is flexing up, and heavily indebted legacy carmakers just can't keep up.  They didn't listen.  They didn't accept that EVs would triumph.  And now it's too late.



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