Ann: 2020 Annual Financial Report Announcement, page-78

I’ll admit I’m bit of an optimistic bloke, but the signals are all their finally.

We have all seen the enormous investments the tradition ICE makers have already committed to EVs, I think we are around 400 billion. When VW first committed 20 billion I got excited, they were the first to seriously put a big brick on the table, and their undeniable motive was diesel gate. Toyota and Nissan were toying with the idea but realistically it was a toy in the box that was pushed around departments.

It wasn’t till Tesla started to get some market traction that others started to put some skin in the game.

In the last two years we have seen almost all ICE manufactures lay down some serious investments in R&D in the EV sector. Many have laid claim to ending R&D in the gas and diesel direction.

Looking forward we should see hundreds of EV models available from 2022, couriering and general product transportation will be transformed, long haul trucking will be turned on it’s head

Fast track two years and the entire car world has changed its tune as even the slow to grasp like Ford and GM have now committed 10’s billions to join the race. Even VW admits they are at least four years behind Tesla, the rest are still chasing the technology in the 2012 Tesla model S, that is how far ahead Tesla is.

This is a market that will turn on a dime once transparency eventuates, people come to their senses, and realisation of the energy transition hits home.

The blindness is incredible.