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this post was submitted on 16 Jun 2024
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Problem is that, especially with the automakers, is that a lack of competition becomes an excuse to not invest in innovation. For example, General Motors is throwing billions into stock buy-backs, when they probably should be throwing that into EVs.
Competition doesn’t really exist anymore. Instead, via regulatory capture, the big players simply change the rules to exclude competition.
Yeah, that's the stuff that makes this difficult. I can talk all day about what "makes sense", but you throw one corporate executive into the mix and everything falls apart.