We are talking about the US and Canada here, thats why I referenced American car companies and their executives. Im not denying at all that other countries are in different scenarios and this will have different adoption trajectories.
>The problem for US automakers is that by the time they see a local market, they'll be well behind the curve in development. I don't think a GM will be able to compete in product (never mind price) to a BYD et al.
It's possible that GM and Ford are dead companies already. Although at the same time, I'd expected Tesla to decline a lot faster than they really did post MAGA Musk. They've had massive duds and a lot of money spent. Yet in terms of the U.S. they are still ahead of the pack in technology development and sales are not abysmal which is insane given there have not been any new platforms introduced. In fact they have discontinued models.
Whether BYD overtakes the American market remains to be seen, and maybe even in Europe we might see eventual pushback as things get really dire with the local manufacturers. It's really too early to tell.
China has an oversupply of EVs. They have over 100 car companies right now competing to the very death, and only a small handful will survive. Those companies will be very strong. But due to the oversupply and the 25% youth unemployment rate, China has to find a way to offload these vehicles overseas or else they'll suffer significantly as well. So it's going to be interesting times, and I'm not too sure how things are going to play out long term.