WHOA... fantastic article. The whole thing is a good read, but the chart here and descriptive text is good.Not unrelated, great article at CleanTechnica on the world's unmistakable entry in to the Valley of Death (of ICE vehicles).
The Global ICE industry cliff is here
The trends in internal combustion sales only began to diverge from total industry sales in 2020, with 2021 being the first year since 2017 that the overall industry grew while ICE car sales continued their decline. This trend accelerated in 2022 and the model supports how this trend will not only continue but accelerate significantly starting right now.
Chart lumps PHEV with ICE here because... it's CleanTechnica and they have a brain.
I suspect CleanTechnica is being conservative here. As EV sales accelerate and fill more and more market segments (Trucks, Vans, bigger SUVs), at better and better prices, ICE sales are going to start to cave in those markets which have held up well until now.
The paragraph on Altman Z scores (attached image)... also pretty damning.
Full article worth a read.
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