all pledge, billions of dollars on new battery production across the us and mexico. meanwhile, volkswagen audi to show and fiance release expansion plants to their factories. tesla meanwhile, says it's building an entire new facility in mexico. each of those announcements coming after us president joe biden signed the inflation reduction act in summer 2022. it's the largest climate legislation in us history, offering a staggering $370000000000.00 and subsidies for renewable energy grid improvements and mobility. transportation is the biggest source of greenhouse gases in the us, accounting for almost a 3rd of all emissions. the us transition to electric has slowed. meanwhile, both china and the you have put more electric cars on their roadways in recent years, and it faster rates the irate now since and vicious new goals for electric vehicles including that they reach 50 percent market share in the us by 2030. that's compared to only 8 percent last year. the last central lever is a clean vehicle tax credit of $7500.00 for buyers of qualifying new electric vehicles over the next 10 years. it's

volkswagen audi that is, it shows us that the german nazi concert i insist on this wording.is because they're administering? restrictions against russian citizens in fact and citizenship, that is, when they took money, and this did not stop them. now they pose a threat to life. russian consumers of their goods, and all this happens with complete silence on the part of our officialdom. i think i repeat once again that there should be a class action lawsuit, this is small. i would like to draw the attention of the chinese comrades to the fact that if these methods are used, china is. therefore, firstly, i believe that there should be a lawsuit, not only at the wto level. but there must be a claim. how will it be organized, how should the goods of all these countries be arrested at the suit of the russian federation, if not in europe then in the brix countries because what we are seeing now is the infliction of damage to hundreds of thousands of very specific material russian consumers, therefore, must be sincerely billions of dollars collective and of course. there can be no t

also touched him personally where he had never thought . the power, the people, mercedes, bmw, audi, volkswagentally, they have been making money here for years, now they say everything, they have taken it off, we will turn you off , this update is possible, it is possible to make keys, the story is connected, why would the russians raise it in car accidents and we say hell , well, we are probably going to bypass the option yes, there was a really sincere reaction to the fact that volodymyr solovyov probably couldn't do something with his german car because he probably doesn't want to climb on a lada kalina or any other well, what would you press for? well, it’s an import to replace analogues, no, why do you drive a bmw or a mercedes and now you suffer from the fact that you are not updated , you don’t have to drive? but now think for yourself. because of his mercedes, it's just a mercedes, which someone somewhere in the west has not updated, which they have been fighting with for several years, as it turned out, and here mercedes is the west and mercedes is with mercedes, everything always mix

we all turn off the power, not the people of mercedes, bmw, audi, volkswagen .. they have turned it off. we turn you off this update . it is possible to make the keys, the story was connected. why should russians die in car accidents and we say hell , well, we will probably find a way around it, yes, there was a really sincere reaction to how volodymyr solovyov, perhaps something couldn't be done with his german car, because he probably doesn't want to get on a lada kalina or any other lada. and why would he change? well, it's an import to replace analogs, no, why do you drive a bmw or a mercedes and now you suffer from that that they don't update you, you don't have to drive. but now think for yourself. in reality, is someone ready to throw nuclear weapons somewhere, if he is so worried about his mercedes, it's just a mercedes that someone somewhere in the west hasn't updated, which they've been fighting with for several years years, as it turned out, and here mercedes is the west and mercedes is with mercedes, everything always exceeds all nuclear weapons, tha

suddenly this happened, we won't turn everyone off, not the power, the people of mercedes, bmw, audi , volkswageninds , they have been making money here for years, now they are talking about everything we turned you off. we turn you off. this update is possible to make keys. history we turned it off. why do you russians understand that cars are accidents and we say hell? volodymyr solovyov, something probably couldn't be done with his german car, because he probably doesn't want to get on a lada kalina or any other lada. and why would he bother ? well, it's import and replacement of analogs, no, why do you drive a bmw or a mercedes and now you're suffering from the fact that you are not updated, you don’t have to drive. but now think for yourself. in reality, is someone ready to throw nuclear weapons somewhere if he is so worried about his mercedes, it’s just a mercedes that somewhere out there someone hasn’t updated in the west, which they have been fighting with for several years. it turned out a here mercedes is the west and mercedes is with mercedes, everything always exceeds all nuclear weap

you are a volkswagen audi , that is, it shows us that the german nazi concerns, and i insist on thisbecause they're administering? restrictions against russian citizens in fact and citizenship, that is, when they took money, this did not stop them. now they pose a threat to life. russian consumers of their goods, and all this happens with complete silence on the part of our officialdom. i think i repeat once again that there should be a class action lawsuit, this is small. i would like to draw the attention of the chinese comrades to the fact that if these methods are used, then china will be next. therefore, firstly. i believe that there should be a lawsuit, not only on wto level but there must be a lawsuit. how will it be organized, how should the goods of all these countries be arrested at the suit of the russian federation, if not in europe then in the brix countries , because what we are now seeing is the infliction of damage to hundreds of thousands of russian consumers, and therefore there must be sincerely billions of collective sums and of course. there can be no question of

at these cars like we do when they are torn apart, it is hard to tell the difference to an audi or volkswagenmaybe the other way around. byd and some of the other chinese oems are very innovative as tesla when it comes to manufacturing and designing vehicles. i would say the quality level is on bar if not better in areas of the industry. >> incumbents in europe like bmw and volkswagen, do they understand the pace and scale of the threat that is on their door step if you are correct? >> you are correct in pointing out the pace. i do think they understand the scale. it is not like they are not taking this lightly, but we get references to yoda and koreans. to put it in perspective, 300,000 cars for a brand, that enables you to build a local factory in europe. toyota took years. the koreans took about 15 years and tesla on the model 3 would have taken five years. i think what the european oems are underestimating is the rate of change and pace this will happen. >> so, are you bearish then on the european automakers? >> we look at the market and say the premium space with bmw and mercedes-benz ha