The EV-industrial complex is coming: 60% of big car firms’ R&D is now EV up from 5-10% in 2012. @MorganStanley

The EV-industrial complex is coming:
60% of big car firms’ R&D is now EV up from 5-10% in 2012.
@MorganStanley thinks carmakers will invest $500bn in evs by 2025.
Over 250 firms are making electric motors. 47 battery factories are under construction.
economist.com/business/2020/… https://t.co/bgncjpQADF

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