[Martinjlm]

Originally Posted by Gunkk

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Because it's a convenient banner to rally behind when you consider that Europe imports 100% of it's petroleum energy, it makes economic sense. Importing energy is a HUGE cash drain on European economies and their single greatest economic risk. "Look at all the CO2 we can avoid creating, and all the foreign currency cash bleed we'll save not creating it!"

China similarly is dependent on foreign sources of energy, and cannot continue to grow and control it's own energy future unless they stop importing oil in excess of what little domestic production they have in the South China Sea, etc.

So they are very tightly aligned to the PA along economic lines. And they're going hard in the paint for battery vehicles. They have to in order to stop the cash bleed from imported energy and preserve their economies for the next 100 years.

It's going to be bad enough when GM, Ford and Stellantis consolidate all their platforms in a similar fashion from dozens to just a few. And then just watch what happens to all the 2nd and 3rd tier suppliers for all those hundreds of thousands of of parts that all of a sudden become just ten-thousand parts. If there's no reason to stay in business domestically, then the US auto industry will slide even further down the path of "our business just imports and distributes stuff from made overseas" like 99% of the consumer products industry already has.

So yeah there is a huge global push away from ICE vehicles for basic economic reasons. And EU+China have plenty enough capability and willingness to move forward without the US's involvement. If the US Government doesn't support the market in the states to keep up with what China and EU are doing, the US will get left in the dust with zero domestic automotive manufacturing industry.

I intentionally did not comment on this part of your statement. I am an automotive consultant. Much of what we are currently consulting on deals with the impact of the transition for Tier II / Tier III suppliers, so I have to measure what I say to not run afoul of NDAs or preview (for free) what a number of clients are paying us good money for. So I’m still not gonna really respond, but at least figured I’d have the courtesy to tell you why. All I can say is it’s a mess.