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Honda and Toyota are still much better cars than most of the EVs on the market and their reliability is still very good and so is the price. In comparison to Ford, GM, Tesla, Volkswagen and some of the other European brands. The Japanese made the right decision by not jumping on the EV bandwagon just to lose billions of dollars, very similar to Apple in comparison to their peers burning billions of dollars, chasing AI models. What is the point of going bankrupt burning Capex or decommissioning some parts of your industry like Germany. Another example I could give is that over the years some tech people have kept harping on Sony and Nintendo in the gaming industry, on how they should follow Microsoft down the road of making no profit when it comes to games But lo and behold, they make a profit in that area. One other footnote, China, Taiwan, Korea and Japan support, are very loyal to their local industries, i.e. car manufacturers and electronic industries. Which is one of the reasons why still Apple does well in Eastern Asia, because they are like neutral territory, the Japanese will buy Apple products, but won’t buy their nearest neighbors products, and same thing goes for China, Korea, and Taiwan when they have a choice, which is an interesting dynamic. |