That’s my understanding of the article text, though obviously there’s not a lot of detail there.
I assume that there’ll be more analysis of it once the thing becomes public.
EDIT: It might also benefit internal combustion vehicle manufacturers, if it makes EVs less-competitive with them, at least until there’s a hard cutoff and requirement to transition to EVs.
That’s my understanding of the article text, though obviously there’s not a lot of detail there.
I assume that there’ll be more analysis of it once the thing becomes public.
EDIT: It might also benefit internal combustion vehicle manufacturers, if it makes EVs less-competitive with them, at least until there’s a hard cutoff and requirement to transition to EVs.
There is a hard cut off in 2035 and emission laws pretty much force a share of EVs. Starting next year that will be about 37%.
However a lot can make a car better, which has nothing to do with the drive train. Old car makers certainly can play that game.