It is a story that plays out repeatedly.
In this video I discuss why legacy auto is done and how this is nothing new. They cannot overcome the central issue that all disrupted companies face.
▶️ 3Speak
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You are right disruption is coming from these EVs flooding the market.
There are more and more EVs becoming available in the Philippines, which is a third world country. I think this is a sign that EVs are becoming cheaper to purchase. With the increasing prices of gas, and the benefits of EV, I agree that it is only a matter of time where legacy auto are wiped out and replaced completely.