He is running a business. He says it will be hard to meet regulatory targets, then the incentives are way too low. Given they are such a a global business it makes sense for them to sell EVs and Hybrids in Europe and California for example and conventional vehicles in the rest of the world.

The only policy that can make a significant change in the climate is a carbon tax. The effects might as well be less driving and more bussing if indeed the rare earth supply is so limited.