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Current State of Electric Vehicles and Geostrategic Implications
The chapter explores the electric vehicle market, highlighting issues like declining Tesla stock prices, competition from Chinese EV manufacturers facing tariffs, financial struggles of companies like Rivian and Lucid, and skepticism towards EVs. The discussion delves into China's strong push for electric vehicles, their national interest due to coal consumption, affordability and quality of Chinese EVs compared to other countries, US reliance on China for key supplies, and skepticism around Tesla's future. The chapter also covers the upcoming ban on internal combustion engines in California and skepticism towards hydrogen as a viable alternative.