[tokipin]

That's roughly my thinking on Toyota's strategy if we give them the benefit of the doubt. They want to own a larger piece of the ICE pie as it shrinks. This is a great strategy. What they might not appreciate is that the oil pie will also shrink and that both of these industries will have increasing costs across their entire supply chains as volumes diminish. Their vehicles will suffer for both ICE tech and gasoline propulsion and be completely outcompeted on cost and convenience. This will happen over a much shorter time frame than they expect.

Green solutions are part of the continuing decentralization through technology and will be just as popular in developing countries as in first world countries. One practical example of this is that green tech can be financed in bite-sized chunks, compared to the large commitments needed for power plants.