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I’d actually say the risk for the US is the other way round. European and Chinese manufacturers are going to jump on EV’s because of their domestic fleet economy standards, because of long-standing taxation on fuel, and because they are appropriate for domestic conditions with high population density, and American manufacturers risk carrying on producing gas guzzling SUV’s and being left behind. By the time electric cars are profitable at scale in the US, European and Chinese manufacturers will be producing tens of millions of units a year. The Chinese philosophy is “overtake on the bend” and they’re going to make the transition as sharp as they can.

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