The EV revolution has literally just started properly in the last 6 months... the announcements are in every country setting mandatory ratio of Evs by certain dates, with every car manufacturer investing capital now in the new manufacturing lines... I work closely with the automakers in Europe the cogs are turning in the likes of Volkswagen, Audi and Bmw. A new line generally takes 4 years from the go ahead to mass production. I suspect these times will be cut 2-3 to get to market faster ahead of competitors... so yeah oversupply at the moment that's ok because there is literally no demand compared to what there will be in 2 years time when demand actually starts... if there was 30% evs on the road and there was oversupply then I would be worried... but demand hasn't even really started!
Good News & Bad News, page-69
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