The Rising Influence of Rising Affluence

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According to Bloomberg the Biden admin. is rolling out emission standards confirming the push to electrify automobiles. If true, the need for expanded growth in production remains intact, but where will the increased production in raw materials and cars come from. Affordability????? We know the raw material answer since the USA is decades behind. Can the USA compete with the likes of BYD, certainly not on price in the domestic manufacturing setting. With BYD expanding production in Brazil, Mexico, Indonesia, Hungary looks like competition will be fierce.