Automotive ICE market: USA/EU have the regulatory capture, the gains are nearly microscopic in new engine innovation for example. However, I got to see first person as an Engineer and chairman of an aviation standards committee at the SAE how China and other nations were kept in the dark about standards changes until it was too late to catch up.
With China's EV, in part thanks to Trump and some automotive combines protecting their existing investments, and probably more critically, China's ability to build out an infrastructure to replace gasoline/diesel logistics from oil field to the filling station (in part because these are state owned and thus were prevented from lobbying against EVs) so China got the chance to build the regulatory environment and capture it's own massive market. Now all EV roads are starting to run to Beijing. I like to say sometimes the market/Das Capital is not only not the solution, it's a barrier to improving things; just ask Sony.
This is a truly excellent piece, Robert. One of the best explainers I have read on this highly complex topic - perfectly laid out for a layman like me. Thanks 🙏
Thank you, Rupert! I am a lay man in this too and I took quite some efforts to find the right level of abstraction in order for myself to understand it
As one begins, one so often must continue. The layers upon layers of stakeholders and special interests in the American model is naturally resistant to change challenging control...and the economic benefit... of all those layers. When it comes to mass mobilization, community input is bad, actually, and if there's anything Americans insist on, it's input, tightly defined within narrow interests. And here we are.
Automotive ICE market: USA/EU have the regulatory capture, the gains are nearly microscopic in new engine innovation for example. However, I got to see first person as an Engineer and chairman of an aviation standards committee at the SAE how China and other nations were kept in the dark about standards changes until it was too late to catch up.
With China's EV, in part thanks to Trump and some automotive combines protecting their existing investments, and probably more critically, China's ability to build out an infrastructure to replace gasoline/diesel logistics from oil field to the filling station (in part because these are state owned and thus were prevented from lobbying against EVs) so China got the chance to build the regulatory environment and capture it's own massive market. Now all EV roads are starting to run to Beijing. I like to say sometimes the market/Das Capital is not only not the solution, it's a barrier to improving things; just ask Sony.
This is a truly excellent piece, Robert. One of the best explainers I have read on this highly complex topic - perfectly laid out for a layman like me. Thanks 🙏
Thank you, Rupert! I am a lay man in this too and I took quite some efforts to find the right level of abstraction in order for myself to understand it
As one begins, one so often must continue. The layers upon layers of stakeholders and special interests in the American model is naturally resistant to change challenging control...and the economic benefit... of all those layers. When it comes to mass mobilization, community input is bad, actually, and if there's anything Americans insist on, it's input, tightly defined within narrow interests. And here we are.
Great piece, thanks much.