Electric vehicles shift value creation from engineering to cloud software and data

Evidence

Most of their surplus value – and the profit they afford – derives from the software that runs them and connects the car to the cloud and the data that derives in turn from that. The Great Inflation, in other words, is forcing German industry to produce goods that rely a lot more on cloud capital than traditional capital. — Yanis Varoufakis, Technofeudalism, 531

Categorization

• XREF: Connects to the broader technofeudalism thesis that value migrates from terrestrial capital to cloud capital whenever products become software-linked.
• corroborated: 2 independent passages support this claim — Yanis Varoufakis, Technofeudalism: What Killed Capitalism, 531