Populations are still increasing globally yet new vehicle sales are down. So I believe we have reached peak auto is most of the world.
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I agree. So I am curious how these will turn out. Sure EVs can replace the regular cars, but I don't know if they can profit much from it.
That is what the legacy manufacturers are dealing with. They cannot make a profit off the EVs. We will see how the Chinese do. Tesla is doing fine in terms of profit and BYD looks like they might be making money on their EVs but they dont break them out.