Jigar Shah

Look, I think that these are superior cars, right? Let's be crystal clear, right? If you want a performance car at an affordable price, that's an EV, right? And so I think we entered office with maybe, what, like 500,000 vehicles or so sold in 2020. And today, I think we're four to five X above that number. So it's been a remarkable period of growth. over the last four years.

Look, I think that these are superior cars, right? Let's be crystal clear, right? If you want a performance car at an affordable price, that's an EV, right? And so I think we entered office with maybe, what, like 500,000 vehicles or so sold in 2020. And today, I think we're four to five X above that number. So it's been a remarkable period of growth. over the last four years.

I think that today we are now at escape velocity on EVs, and people now believe that it's only a matter of time before this happens. I mean, both my in-laws and my parents just bought a plug-in hybrid, and they never drive over 34 miles a day, and so they are basically fully electric, and they love it. And I think that when you think about where American innovation is headed right now,

I think that today we are now at escape velocity on EVs, and people now believe that it's only a matter of time before this happens. I mean, both my in-laws and my parents just bought a plug-in hybrid, and they never drive over 34 miles a day, and so they are basically fully electric, and they love it. And I think that when you think about where American innovation is headed right now,

I think we're on track to meeting the goal of 50% EV sales by 2030 with EVs that were plug-in hybrid vehicles.

I think we're on track to meeting the goal of 50% EV sales by 2030 with EVs that were plug-in hybrid vehicles.

Yeah, so I think that we're not done yet, but I'd say that, you know, we've got battery manufacturing, right? And now you've got the 30D tax credit. And so the 30D tax credit says, buy your components to make those batteries from the United States, right? And so lithium processing, graphite processing, nickel manganese.

Yeah, so I think that we're not done yet, but I'd say that, you know, we've got battery manufacturing, right? And now you've got the 30D tax credit. And so the 30D tax credit says, buy your components to make those batteries from the United States, right? And so lithium processing, graphite processing, nickel manganese.

When you think about the battery manufacturing facilities that we're building now, all of them have already been future-proofed so that when those next generation technologies come in, they can immediately be inserted into the existing manufacturing process.

When you think about the battery manufacturing facilities that we're building now, all of them have already been future-proofed so that when those next generation technologies come in, they can immediately be inserted into the existing manufacturing process.

That's a complicated question, right? I think that we just talked about all of the technology breakthroughs that we have in our pipeline that we're not going to be sharing with China this time around and that we're going to be manufacturing and deploying here. China has hit that price point by bankrupting their lithium. suppliers, right?

That's a complicated question, right? I think that we just talked about all of the technology breakthroughs that we have in our pipeline that we're not going to be sharing with China this time around and that we're going to be manufacturing and deploying here. China has hit that price point by bankrupting their lithium. suppliers, right?

And so every lithium supplier in China is losing money and they have started shutting in capacity. So like, do I love the fact that the cost of batteries are lower? Yes, of course I do. But do I love the fact that everyone in their supply chain is losing money right now? Not really. It doesn't make me feel like this is a very stable supply chain that is going to be able to be

And so every lithium supplier in China is losing money and they have started shutting in capacity. So like, do I love the fact that the cost of batteries are lower? Yes, of course I do. But do I love the fact that everyone in their supply chain is losing money right now? Not really. It doesn't make me feel like this is a very stable supply chain that is going to be able to be

trusted to build our next generation grid on top of, right? And so I think it's important for us to recognize that when we think about diversification, we think about national security, we think about global competitiveness, but we also think about like figuring out how to make sure we have stable companies that can actually like participate in the private markets, raise capital,

trusted to build our next generation grid on top of, right? And so I think it's important for us to recognize that when we think about diversification, we think about national security, we think about global competitiveness, but we also think about like figuring out how to make sure we have stable companies that can actually like participate in the private markets, raise capital,

Yeah, absolutely. Maybe. But in some cases, I would say, no, we need to make sure that these are stable companies that can provide the maintenance, provide the warranties, provide all these things so that we can actually build our entire modern energy infrastructure on top of it.

Yeah, absolutely. Maybe. But in some cases, I would say, no, we need to make sure that these are stable companies that can provide the maintenance, provide the warranties, provide all these things so that we can actually build our entire modern energy infrastructure on top of it.

Well, look, I think that if you remove any of those policy supports, the question is, what do you replace it with? Right. And so you replace it with tariffs. You can replace it with other things. Now, that is a recipe for making things more expensive, not less expensive. But those are all policy choices. People can make those policy choices.

Well, look, I think that if you remove any of those policy supports, the question is, what do you replace it with? Right. And so you replace it with tariffs. You can replace it with other things. Now, that is a recipe for making things more expensive, not less expensive. But those are all policy choices. People can make those policy choices.