EVs may be a winner take all market in the sense that there is a lot of software and tech that the incumbents (except Tesla) are traditionally bad at. If the ma

EVs may be a winner take all market in the sense that there is a lot of software and tech that the incumbents (except Tesla) are traditionally bad at. If the market expects this it may take a long time for incumbents to catch up. We might see bankruptcies and consolidation. Auto manufacturing is the final large manufacturing industry left in the US and it going away will hurt the country dearly.