This happen in the 70’s with Japanese cars during the gas shortages. American manufacturers say it too expensive to make smaller engines that get more than 5mpg and they go out of business if they comply. Japanese companies laugh at them and took over the market. Now Chinese and Korean companies are making ev cars and again American companies say it too expensive. History doesn’t repeat itself but it sure does rhyme.
This happen in the 70’s with Japanese cars during the gas shortages. American manufacturers say it too expensive to make smaller engines that get more than 5mpg and they go out of business if they comply. Japanese companies laugh at them and took over the market. Now Chinese and Korean companies are making ev cars and again American companies say it too expensive. History doesn’t repeat itself but it sure does rhyme.