I mean, the reduction of industrial subsidizes for EVs globally [0] along with recent supply chain scares [1] have made the economics for EVs much more difficult recently [2].

This should not be construed as "EVs are dying" but as I keep saying, EVs are going thru the same cycle that Hybrid ICE went thru 15 years ago.

Assuming a 0 to 100% EV transition would happen globally in a handful of years is dumb. Heck, even Chinese automotive manufacturers primarily export ICE vehicles globally [3]. The transition will happen both slower than EV fundamentalists and faster than ICE fundamentalists assume.

[0] - https://www.reuters.com/sustainability/climate-energy/global...

[1] - https://www.reuters.com/world/china/china-tightens-rare-eart...

[2] - https://www.spglobal.com/automotive-insights/en/blogs/2025/1...

[3] - https://www.reuters.com/investigations/china-floods-world-wi...