Barry FitzGerald:
the latest battery capacity tracker data from Adamas Intelligence.
It found that a massive 488.3GWh of battery capacity was deployed onto roads globally in newly sold passenger EVs of all types in 2022 – 70.2% more than 2021, and despite ongoing supply chain struggles and economic headwinds in all major EV markets.
The EV revolution is a juggernaut that cannot be stopped. And as President Biden noted after the Inflation Reduction Act was signed into law last year (it effectively gives EVs a $US6,000-$7,000 cost advantage), the “future of vehicles is electric.’’
ADO Charting and Technical Analysis, page-7110
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