/biz/ - Business & Finance

>>54680337
An additional factor to consider is that literally every single car manufacturer has committed to large transitions of their product lineups into EVs. This requires intense CAPEX to build out factories and production capacity for EVs, which do not undergo the exact same manufacturing process as ICEs.

As such, the capital inflow into the sector isn't merely from governments (which are frequently retarded in the way they spend money). The actual industry is investing just as heavily into the "energy transition". These are actual businesses which need to produce profits and stay ahead of the curve.

Anyone who can't see the writing on the wall in terms of where capital is being allocated in the commodities sector is certifiably retarded. There is no polite way to put it.

Get your head out of your ass and take and look at the extremely telegraphed actions of governments and industry leading corporations from countries around the world.

>>20713241

>>243417

G-Guys I don't go to Reddit! H-Honest!