- First Name
- Phil
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That and several states have mandated EV so it's pretty much going to be a captive market of millions of people. Tesla is way ahead of everybody right now but hasn't had the pressure of innovation to keep that position. Competition pushes the envelope for everyone and is generally good for the consumer in both price and quality.The thing is that Tesla IS the EV builder and is very successful at it-I know lots of people (myself included) thought they weren't going to be able to "cross the T" before going bankrupt, but seems like they've done that and rapidly expanding their production facilities to meet demand and making lots of money doing so.
Telsa is making headway in the entry level luxury price area ($40-50K range) vs BMW and Mercedes.
That is not to say they don't have their issues, but at the moment they keep gobbling up market share and Ford wants to keep or expand theirs too. Ford has a lot of legacy issues it needs to deal with and I'm betting that Ford Blue (ICE) gets winded down by 2035 because of this change over.
I think ICE will hang around for a long time because we aren't nearly to the point EV is a viable product for every market or segment. The dealers that don't get onboard with EV now and don't get on with Commercial, IMO, are going to be screwed in the long term. Dealers have to decide on EV by the end of October so it's either you're in or have to wait until '25 and hope there's some market still left in your area.
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