In coming years, automakers will unveil dozens of new electric vehicle (EV) models. Ford alone recently announced that it is investing $11 billion in EV development. A glance at automakers’ EV investments worldwide is revealing: $19 billion in the United States, $21 billion in China, and $52 billion in Germany. Clearly, these seasoned companies do not doubt the future EV market as many cities and countries around the world begin phasing-out the conventional internal combustion engine. I have written a commentary about this topic for RealClearEnergy here.
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