18 December 2022

EV Paradigm Shift

It's become increasingly clear that the Chinese, and Tesla, respectively, have gotten way out ahead of the EV paradigm shift. Europe faces a virtual flood of cheaper, and actually quite well made, Chinese EVs, starting now. European makers are going to be severely stressed and some will likely not even survive. Same with the Japanese makers, who depend on the US and European markets. But the US, through subsidy policy, tariffs on countries not participating in Free Trade Agreements, has essentially forestalled the same thing happening here. Most Chinese makers have no plans to build factories in US, and few intend to sell cars here at all. This could be very, very good for the US, as it gives Ford and GM, and some new startups like Aptera, Rivian, Canoo, etc., a chance to establish a market share. Not to mention Tesla, which is likely to be the worldwide sales leader at least of higher end EVs for the foreseeable future. Elon Musk should stop bitching and celebrate the fact that US policy has benefited his company enormously. 

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