Yeah, TBH my first thoughts of why the St Bakers Energy Fund was interested in this niche sector was not just for EV's but for grid storage. Trevor St Baker made his fortune from power plants. Going from Coal to Gas the next logical transition is to clean energy through batteries and grid storage. Once the cost of batteries is reduced and their lifespan is extended to 15 to 20yrs, then a lot of new markets enter the game which most people aren't even factoring into the equation.
Tesla & GM 1Million Mile Battery - NVX to supply Graphite, Electrolyte & Cathode, page-6
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