Reuters P. Lienert, 21.10.22, said

3 minute readOctober 21, 202210:00 PM GMT+11Last Updated 3 days ago

Exclusive: Automakers to double spending on EVs, batteries to $1.2 trillion by 2030

ByPaul Lienert

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Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul/Pool via REUTERS/File Photo

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"Oct 21 (Reuters) - The world's top automakers are planning to spend nearly $1.2 trillion throug 2030 to develop and produce millions of electric vehicles, along with the batteries and raw materials to support that production, according to a Reuters analysis of public data and projections released by those companies.

TheEV investment figure, which has not previously been published, dwarfs previous investment estimates by Reuters and is more than twice the most recent calculation published just a year ago".

https://www.reuters.com/technology/exclusive-automakers-double-spending-evs-batteries-12-trillion-by-2030-2022-10-21/

This DOUBLING in the latest estimate of EV & battery makers' spending, to US$1.2 trillion in 2030, bodes very well for CTM ( its vast Ni reserves, using green hydro power for mining etc., & adding value with CTM's Ni sulphide battery material