Electric car growth has slowed but it has not reversed. Governments are introducing emission control regulations and this would make it near impossible for ICE vehicles to be sold in the western world in a few years time. Last week Australia introduced a carbon trading scheme and the main benefactors are Tesla and BYD. Car companies like Toyota and Ford will have to pay Tesla and BYD to buy carbon credits. Demand for Graphite and Lithium is not an if but a When. Due to the economic slowdown EV growth has reduced and with EV infrastructure added by the day and with improvements of mileage per charge the second wave of ev demand will be much bigger than what we saw in the past. I believe Hydrogen will be a major competitor for EVs but not for at least another 10 years and it will mainly be used in heavy vehicles till the technology is mature enough and safe enough to use in passenger vehicles. I have invested in Hydrogen stocks as well.
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