Germany: BEV sale rised 70% YOY! 20% new car sale in July was all electric cars!

Even if the economy goes bad. EVs will continue to grow, albeit at the expense of internal combustion engine (ICE) cars.

The EV adoption rate is picking up pace! For me, this is a surprise! In terms of selling cars, Tesla has some levels of dominant, but cheaper Chinese cars might become more and more competitive. I forsee that legacy automotive companies in Europe will one by one partnering up with Chinese companies to fast track their own EV venture because none of them is able to make a profit selling EV, and the clock is ticking fast, much faster than expected. On the other hand, Chinese companies will fast-track their brand in Europe.

China, Europe, the US, Australia, and New Zealand are rapidly adopting and embracing EV. When and how will the rest of the world start doing the same? EV requires charging station infrastructure. Having an affordable EV with acceptable range isn't enough.

Btw, Redwood Materials is an interesting start up which focuses on recycling renewable energy products. It boasts 90% recycling capability. Many executives/engineers are from Tesla. The company recently raised 1 billion dollars to expand and might be worth 5 billion already. It seems that the EV and renewable energy ecosystem is sprouting outward. What are the next businesses that grow out of green industry?