Pesca: A couple of months ago, the state of California announced no new gas vehicles, they were going electric and they put a time stamp on it of 2035. The UK then ups the ante and announces no diesel or gasoline or as they say, petrol, cars and vans will be sold in that country starting in 2030. And then GM and their CEO, Mary Barra, announce, OK, GM sees that and we too will no longer make gas and diesel powered vehicles by 2035. I guess they figured if California won’t be buying them, what’s the use of making them?
Glinton: … what’s happening now for some people is that America is not in the driver’s seat. When it comes to electrification, it is not even in the driver’s seat when it comes to the auto industry anymore. What our vehicles, our regulatory regime, even the styling is increasingly led by what China wants. That is where the industry is making the money. That is where the future is: Brazil, Russia, India and China. And I would throw in Africa for the long game.
Pesca: is it plausible that China can go gasoline free with their cars within the same kind of time frame we’re talking about with these Western countries and companies?
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