Comment by rswail

This is not a market disruption, this is a supply chain change that is not going to be delayed by artificial tariffs or other protectionist attempts.

Post COVID was getting back to what was before, this is the equivalent of the introduction of Ford mass production techniques on the previous industry of coach building.

ICE engine parts are a major ongoing expense but also profit centre for dealers and an entire industry on their own.

So there's entire supply chains that will be disrupted.

How many engine plants are going to be needed going forward?

Australia went through this wrench back in 2014 when our local car industry collapsed after the government withdrew a measly amount in annual subsidies.

Fortunately it was a 3 year process that played out that allowed adjustments.

That had a major knock on effect of the loss of roughly 50K manufacturing jobs and industries had to pivot.

The US/EU/JP manufacturers are having trouble pivoting, the US because its car industry is entirely about trucks/SUVs, EU because its premium for manufacturing is rapidly eroding, and JP because they seem to be having trouble actually manufacturing EVs.

CN and KR is where the leaders are now.