"the long-term trend toward electrification" is not at all clear. There was extreme propaganda about it, and some companies feel a pressure to switch their car fleets to electric, but this hype is not sustainable and started to crumble. Electric power prices go up and the second hand market for such cars is desastrous, just 2 reasons for it.
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The companies should feel the pressure from the market, not from regulators who talk about making ICE cars illegal. That doesn't help at all.
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