EVs break down less.

https://www.notebookcheck.net/First-true-EV-reliability-report-shows-30-less-breakdowns-as-ADAC-pegs-low-voltage-batteries-a-weak-point.718821.0.html

Electric cars like the 2020 Tesla Model 3 experienced only 4.9 mechanical breakdowns per 1,000 vehicles on the road, while gas-powered cars from the same model year had a failure rate of 6.9 such incidents

They definitely have ZERO financial ties to legacy auto and have ZERO incentive to push ICE cars.

Regardless of that, if you lump in all EVs together this is certainly true, but if you isolate Tesla, it’s more reliable than at least 50% of ICE brands.

Electric cars like the 2020 Tesla Model 3 experienced only 4.9 mechanical breakdowns per 1,000 vehicles on the road, while gas-powered cars from the same model year had a failure rate of 6.9 such incidents

from here

Let’s also compare the # of recalls (excluding over the air updates, which are not recalls). Significantly higher probability you have to take your car in if you get a Ford/Toyota/Honda instead of a Tesla.

EV’s won’t be the majority of new vehicle sales within even 10 years

That’s a joke. What do you think happens to the market when the cost of the battery is 50-70% less than today? This will happen by 2030. Tesla EVs will be cheaper than ICE cars, let alone hybrids. Toyota won’t be able to compete.

“waning demand for EVs” = Waving demand for non-Tesla, over priced with poor charging network EVs.

It was a smart short term decision. They won’t be able to scale and catch up on EVs and will now completely miss the boat. Hybrids will be too expensive and irrelevant within 5 years.