Volkswagen announces $20B effort to build its own EV batteries

It's going to be really interesting if the new startup EV companies will eventually win out in market share or if the older automotive companies will manage to pivot first. Feels like Tesla at this point is almost a lifestyle brand which changes the dynamics somewhat.

Tesla didn't change anything, at best they brainwashed you

Renault-Nissan with Carlos Ghosn did all the prep work, and were to first to deliver EV to the masses

https://www.youtube.com/watch?v=2WeoeJyJmN4&t=455s

No wonder they canceled him

cc /u/eesmith

Germany finally understand they should not rely on the americans with their "gigaberlin"

A good investment for their own people, education, industry and credibility

That's a lot of money to write off when EV bubble will turn out to be unsustainable because raw materials are already through the roof and energy prices in EU are following same trend. It only gets better when Germans will switch off remaining nuclear power plants.

On the other hand we have chip crisis slowly fading away (thanks crypto crash) and prices for oil preparing for climb down as well.

https://www.reuters.com/business/energy/oil-claws-back-after...