>There is a lot of competition in electric vehicles coming. There is no reason to think that the EV industry will be materially different to the ICEV industry i

>There is a lot of competition in electric vehicles coming. There is no reason to think that the EV industry will be materially different to the ICEV industry in terms of competition, margins and company performance when the dust settles. At the end of the day the market is the same, convincing people to spend many 10s of thousands on a complicated machine. How do you explain Apple's shares of profits in the phone industry, then?