It isn't just VW that is making a big push in electric vehicles. There was an announcement
made within the past two weeks that didn't get much attention on this board. Fearing that they
were falling to far behind China in battery manufacturing, a conglomerate of EU countries announced
that they would be making a $100 billion plus investment into the battery pipeline. That investment is
better appreciated when shown as a number $100,000,000,000.
The fact that a EU auto maker who was coming out with a higher scale EV and had received orders for
30,000 units had to scale back production of the cars to 20,000 units because of the unavailability of batteries
really caught their attention.
The substantial decline in the stock has been hard on all of us. But as long term, fundamental investors we
should not lose sight of all of the really positive events that are occurring world wide in this industry. I keep
reminding myself that there was a time that analyst thought that cell phones were a play thing. Now go out
and try to find a payphone.
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It isn't just VW that is making a big push in electric vehicles....
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