And who is behind it?? Guessing China. They produce some oil but not enough. I am guessing they would benefit the most from the conversion and the rest of the world follows through the bribery of western elites. Yes, they also have Lithium but other battery technology is coming. Silicon anodes, solid state, finally superconducting materials. Good money in Lithium but that is only temporary. Getting rid of the dependence on fossil fuels for transportation is the biggest benefit for China and all non oil producing states. More control over the people is also a benefit for all governments. Once everyone is plugged into the grid you can lose your energy privileges if you don't do this or that.
China will benefit tremendously from the EV. During the Trump era, Trump was busily working on trade war, scolding here and there, twitting this and that (which was very good for traders) .... While China was busily developing EV stuff, writing EV-related patents ....
This is another evolution we're gonna witness The world heavily relied on the middle east for the oil and more like the demand for that will go down as we reduce the consumption and move to something more suitable and better for the environment china could definitely top the list having all the power and resources but a win win for all
British drivers will definitely benefit too as they have been fighting with punches for some fuel at the pump for a week now...
Companies and industries develop .... if there is a need. Regardless of what politicians and gubmints think or want.
%% Most likely oil + gas companies, TSLA...................tech ETFs with TSLA + tech in them; oil corps will most likely sell some charging, along with food/ like they do now. PLANS to go electric are not the same thing as reality + i still like gas + oil. Like OPEC noted, plenty of developing nations like oil + gas/ like USA............................................ Interesting UK did not give everybody electric cars/LOL they called out the military to help with gas + oils stations...............................................................................
Who benefits the most -- maybe it's this guy who likes to give away silver. https://nypost.com/2021/09/29/worlds-richest-man-elon-musk-sending-bezos-silver-medal/
China will benefit but so will the US because it will help with the balance of trade (less oil imports). Copper producing countries like Chile will benefit. Russia and OPEC are obviously the losers.
All car companies will benefit the most. Everyone's car will be forced into a fast upgrade cycle similar to a cellphone. It will be mandatory because they will be hard to fix and prone to software compatibility issues. Just like every basic household service in the US has been turned into a subscription. TV, Telephone, Personal Computer..etc etc. Can you imagine how much money poorer households spend as a % on these categories? It will happen to cars. Cars will be disposable and you will love it. Does China have an edge in disposal electronic goods? They do for now. It is a fickle business.
%% Chicoms use a lot of dirty coal also; that's why climate change is such a scam. EVs may increase, but with @1.8%of the market, sounds like TSLA bulls are confusing plans with reality. MY ETFs have a good TSLA weight , but thats for sure not a prediction. Most EV charging is done off fossil fuels. 20% of EV buyers go back to gas. [EVs would sell more with 120v, not 240, most likely] WE will believe China stops burning coal with proof