Financial Times (September 15)
Internal combustion engines “are on their way out,” while sales of EVs “are set to increase worldwide from about 10mn in 2022 to about 14mn in 2023, or 18 per cent of all cars sold.” This partly explains legacy carmakers low valuations, but the switch also lowers barriers to entry. “Chinese imports already account for about 15 per cent of EVs sold on the continent,” with Chinese automakers hoping to seize more of “a $130bn revenue opportunity by 2030.”
Tags: $130bn, Barriers to entry, China, EVs, Ice, Imports, Legacy carmakers, Opportunity, Revenue, Sales, Valuations
The Economist (July 1)
The European Commission levied a record-setting fine on Google. “The size of the fine the tech giant will have to pay for abusing its monopoly in online search, €2.4bn ($2.7bn), sets a record for European antitrust penalties,” but it remains to be seen whether Google will have to cough it up. The tech firm has promised an appeal. By no means is this case clear-cut, but its resolution should further thought on the extent to which “network effects create high barriers to entry in online markets.”
Tags: Antitrust, Barriers to entry, European Commission, Fine, Google, Monopoly, Network effects, Search, Tech