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Honda warns of $16bn hit on its pivot away from EVs
(www.dw.com)
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Worse than that: no car maker can survive on the US market alone, and every other market is transitioning towards EV, more or less aggressively. Pretty soon the only thing that will keep the ICE business alive are stupid policies to give them an artificial competitive advantage.
I really don't get what these CEOs have in their mind. At this stage I assume they're like big oil execs: maximize short-term revenue, and be long gone when shit hits the fan. But for cars, the end is even closer than for oil.