"It'll be great just to see how the entire industry starts growing and thriving and which ways they take turns, but you also have to be more savvy, especially if you're a new company or you're a new founder, or you're just someone new in the ecosystem. Learn where your region is, and what your region is doing in terms of policies, and maybe consider that if you're in a region where you may not have the economic power in your domestic market to really play and just feed that. Then maybe you need to collaborate more or maybe that means you need to think of other ways to work together with larger players." - Gita Sjahrir
"I am bullish that electric vehicles will replace all internal combustion engines. In a hundred years, it'd be a hundred percent adoption eventually, cost of drops, and so forth, technology gets better, but the question is, which ecosystem will win? Is it the American system versus the Chinese system? And within those systems, can you capture value as a startup? Or will it be one of the existing quasi-incumbents that are there? That's the tricky part because at the lowest level for you and me, we've seen a lot of electric vehicle decks and to some extent, the deck makes it seem like it's the company that is the key fulcrum or competitor, but it's not right. It's one level higher, which is, are you even in the right country or do you have the right industrial policy? That's a really difficult conversation to have." - Jeremy Au
"You can't change an entire industry necessarily, especially today, just because you're one company that's trying to do right. It really depends on the timing. It depends on the country. If you're not making it for the domestic market, can you compete with other exporters? In Indonesia, if you are a player, so much of it is about realizing that China is also exporting a lot of their supply chain. Competition is not necessarily just in the finished product. It's in almost every part of the product. With Germany and Japan, a lot of these transitions require a combination of private-sector funding and public-sector policies. The issue with countries that are still emerging markets and still young democracies is simply you're very new. So you're building policies almost in a reactive manner. You see a problem and then you try to build these policies because you're not as old and established, you've had the same policies going and the same infrastructure and systems that have been working. You're physically making things as they go." - Gita Sjahrir
In this episode, Jeremy Au speaks on the $1.5 trillion USD green investment gap, competition versus China industrial policy, and electric vehicle manufacturing viability with Gita Sjahrir.
Keywords: $1.5 Trillion USD Green Investment Gap, Competition vs China Industrial Policy, Electric Vehicle Manufacturing Viability, Gita Sjahrir, Indonesia, VC, Sustainability, Thought Leadership
