More ICE death news:
Morgan Stanley [auto analyst Adam Jonas wrote in a Jan. 29] argues ICE ... is destined to become money-losers as early as 2030. “We believe the market may be ascribing zero (or even negative?) value for ICE-derived revenues at GM and Ford ... [various factors will] transform what were once profit-generating assets into potentially loss-making and cash-burning businesses”
And the evidence:
Morgan Stanley surveyed institutional investors on the value of internal-combustion technology at GM and Ford: 17% said ICE technology had no value or negative value today, 60% rated ICE technology as slightly positive, while 23% said it was a significantly positive value.
And this is, of course, with BEVs at ~2% of market share.