QAD’s Post

Transcript

It's noticeable that the EV topic in general is, is kind of a hot potato, right? Adoption rate seemed to be down again, depending on who you ask and who, who's interested in the early adopters, obviously they've adopted, right. So we're kind of in that wall to begin with. But where do you see the EV adoption curve right now where we sit? What do you think for the short term and mid, let's say mid term outlook? What does that mean now in North America where you have 10% of the market being battery electric vehicles, you have more than 20% in Europe. Is you have that the efficiencies are making those parts are no longer there for the supplier. Nor is the supplier have enough volume on the electrification side to really be making money. So the industry is really in a difficult time, difficult because suppliers find it very hard to make money at this stage of the transition. And the transition could be drawn out longer as a result of these policy and the shifting policy back and forth between ICE and battery electric vehicle that could create a very costly scenario for suppliers moving forward. So this is a huge issue for suppliers to deal with.