“The Germans said they want to spend €1 billion tosecure
battery production in Europe and they said that months ago.
“French President Emmanuel Macron said just five days ago that he wants to spend €700 million to secure battery production in Europe, and others will do the same.
“If you go to Europe only for three days you can be sure that you read 20 articles about the coming EV boom.
“Volkswagen, for example, just last week sent a note to all their dealers that based on their market research they expect the EV boom to now come much faster.
“Volkswagen said they want to have 25 models fully electric in 2022.
“Another example is the new Porsche, Taycan. It’s been possible to order that car since the beginning of the year and after two weeks they decided to double the annual production, which is another investment of millions and millions.”
EMH Price at posting:
35.0¢ Sentiment: Buy Disclosure: Held
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