Cal:  "China is the only island of good news for EV market, they are not slowing down."

Cal, I think that the difference in the market for EVs in Europe and in the US vs in China is that there is a better market in China for shorter range and less expensive EVs.  China has an extensive and well kept train network that has several different levels of comfort and of speed.  The High Speed rail connections can take you from point A to point B economically and quickly, not true here in the U.S., but Europe also has an effective and extensive rail system for public transport.

Bottom line:  Chinese don't need EVs to take them 500 miles or 1,000 miles on a trip.  EVs for short distance work great in China and that is why so many of the Chinese less expensive EVs incorporate Lithium Iron Phosphate in their batteries, something that because of higher weight and less energy/power density required means that Chinese EVs can at least be considered by the buying public that have cheaper, but heavier, Lithium Iron Phosphate batteries.

It is a huge difference for the Chinese market vs the U.S. market and there are still appreciable differences between the market in Europe vs the market in China.

Onward?   Well, through the FOG, anyway!

Okiedo