It has been noted that sales of Internal Combustion Engine vehicles is on the decline. The finances of General Motor is on the decline.
It could be caused by entry of EV vehicles. EV from China and Tesla (USA) are on price war making the EV more affordable. BYD of China has EV of $10k making this more affordable.
The lack of moving parts sees no need for parts and maintenance business making a big dent on the profitable side of ICE manufacturers. () maintenance)
What is going to the ICE EV industry.? Are they going to disappear?
