The endless series of failures by legacy auto keeps convincing me that they are doomed to lose most of their market share. Because they are incompetent and not trying to build evs with all their might - they don't recognize them as the existential threat they are to ICE manufacturers.

First tesla is taking their market share, even tiny new startups like rivian are outselling many major automakers in the us. US EV sales are up 50% plus year over year. Max ICE auto sales were in 2017! No one seems to have noticed where the growth went. 1 million ev sales this year.

But the second wave is just starting, which is cheap and quite capable chinese EVs. They are starting to take the growth from Tesla in China, Tesla is having to work hard there. The 1-2 punch of first Tesla and then China will degrade us auto.