Earlier quoted context omitted.
That's at least 4-5 automotive cycles away, IMO (so 25-30 year away). And that's for the high end. The low end cars are probably 50-60 years away, IMO.
The notion that the low end cars will take decades longer is very, very ridiculous.
Really cheap cars don't even have automatic gearboxes (or they are bought without them 90% of the time, outside of the US).
By "cheap car" I mean something cheaper than $20000 and "really cheap" would be below $12-15000.