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Canada: - squash innovation and entrepreneurs with high taxes and regulations - try to bring big players with subsidies and tax exemptions. Innovation is botto
by alfor 3y ago
Canada:
- squash innovation and entrepreneurs with high taxes and regulations
- try to bring big players with subsidies and tax exemptions.
Innovation is bottom up, come from small player that grow (Tesla) If the conditions are not right for those kind of players don't expect the big players to save you (they are on their way out anyway)
Most of the automakers will not survive the transition to EV. They resisted as long as they could. Now they are trying to catch up but are loosing money on each vehicles and Tesla is still growing 50% YoY.
I expect EV from China/Korea to be the androids of ev and Tesla to continue to be the iphone. If I ever buy an EV other than a Tesla it will be because it’s massively cheaper. This mean almost impossible margin for other manufacturer.