It isn't even about the climate anymore. The cheap EVs are going to be built; they're just going to be Chinese. China is currently at 50% BEV and PHEV and pushing upwards to 59% in some months. Imagine looking forward 10 whole years and thinking you're going to be selling new consumer ICE vehicles, shy of massive market-sheltering tariffs and the loss of the global markets.
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It isn't even about the climate anymore. The cheap EVs are going to be built; they're just going to be Chinese. China is currently at 50% BEV and PHEV and pushing upwards to 59% in some months. Imagine looking forward 10 whole years and thinking you're going to be selling new consumer ICE vehicles, shy of massive market-sheltering tariffs and the loss of the global markets.