Reminder in ten years from now that the bankruptcy of companies like Volkswagen and Ford (and why we all drive Chinese cars now) will have been fully the fault of short-term gains oriented greedy CEOs and the politicians that accepted bribes from them

https://www.theguardian.com/business/2026/mar/21/west-carmakers-retreat-electric-vehicle-risks-irrelevance-iran-war-evs-china

‘It’s stupid’: why western carmakers’ retreat from electric risks dooming them to irrelevance

Iran war should be wake-up call about costs of not going full throttle towards EVs as Chinese have done, experts say

The Guardian
@thomasfuchs Honda is in the mix too. Interestingly it would be stunning if Toyota – which famously eschewed EVs in pursuit of alt fuels like hydrogen – ended up walking away okay from this; their latest round of North American EVs are much more competitive. But as this article says, the direction is very clear and US (and some EU!) manufacturers aren't on it.